N - National Conduit Loans
- Loan Minimum $1 million to $50 million
- Major Franchised Hotels (income stabilized)
- Acquisition, Refinance
- 85% LTV Maximum
- 10 year term / 25 to 30 years amortization; or 20 years self amortizing
- Non-recourse
- Rate: 10-year treasury plus spread of 1.5% - 3.5%
C - Conventional Loans
- Loan Minimum $500,000 to $15 million
- Franchised Hotels and Motels (income stabilized)
- Acquisition, Refinance
- Term: 25 years fully amortizing
- 85% LTV Maximum
- Rate: Prime plus 1.00% - 2.75%
- Full recourse
S - Specialty Loans (SBA Loan*) (Stated**)
- *Minimum $1-8 million **$500,000 to $2 million
- Motels and Hotels
- Acquisition, Refinance, *Construction, *Renovation, *Reflagging
- Term: up to 25 years fully amortizing
- *90% LTV Maximum **80% LTV Maximum
- Full recourse
- *Prime + 1.5% (typical rate) **9%+