Bay Area Capital Funding Inc. works with lenders that provide financing for Hotels and Motels.
BACF Inc. provides a wide assortment of comprehensive financing programs. Our primary goal is to be your source for the financing of commercial loans. We provide creative solutions for commercial real estate investors across the nation. If you need to refinance an existing property or you need purchase money - we can help structure the terms that most suitably meet your needs.
Both traditional and stated income loans are available.
Flagged and non-flagged properties including full-service and limited service properties OK. Property should be in strong market sectors or at least show strong historical performance. Strong sponsorship and management preferred.
Minimum Loan Size
$500,000.00
Pricing:
Refer
Location
Mid to large market sectors and small market sectors OK with strong operating history.
Loan Terms
5-10 year fixed terms with 25-30 year amortizations.
Prepayment
refer
Personal Guarantees
Non-recourse and recourse (lender dependent)
Minimum DSC
1.25 to 1.45 (refer)
Third Party Reports
Appraisal Phase One Environmental possible
Star report
Preliminary Submission:
Include the following in your request:
1. Summary with property description and location map
2. Personal Financial statement
3. Representative color photographs
4. Current rent roll and year-to-date operating statement
5. Resume
6. Existing balance sheet
7. Current year operating statement
8. Operating history - prior 3 years, if available