Major hotel loans may not only need the debt side dollars, but also the equity dollars to move the project forward. The Erb Group can supply both sides of the deal. We can also provide guidance in reference to management and beyond. We can help with choosing an appropriate flag for the hotel, which may not seem like a big deal but can be critical. Site selection and parking considerations, such as if a ramp is needed, are other areas that we can be of assistance. We may be able to make suggestions that could save you hundreds of thousands of dollars, as we did for one of our recent clients.

There are many questions that need to be asked when considering a hotel loan. Is yours is a new construction project? Do you have the environmental approvals you need? Have you considered developing in a Brownfield area of an inner city? Will the city or municipality bless the project? Will they provide TIF funds to clean up a site? Has water runoff been dealt with? The list is long and you do not want to miss something that could cost you big time down the road.

Hotel loans in today’s credit atmosphere can be hard to find. Hotel loans at reasonable interest rates can be even harder to find. The Erb Group has been the place to call in recent months for the best and sometimes the only deal.  Give us a call or email to see if we can be of help on your next project.