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Local Voices

Northeast Financial - Hotel/Motel Financing

Hotel and Motel Financing

 

Northeast Financial is your leading commercial mortgage resource for all Hotel loans. Northeast lends all throughout Connecticut but we can also lend in New York as well.  Here at Northeast Financial we work with Purchasing and refinancing Commercial Properties. Hotel/Motel Properties have been on the rise for investors all over the states of Connecticut and New York. This is the time to start investing and get your investments working for you. If you are thinking about investing in a hotel this is what Northeast can offer:

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•We can do purchases, refinances, or minor construction

•Take cash out or pay off the IRS

Find out what's happening in New Londonwith free, real-time updates from Patch.

•Loans sizes up to $5MM

•Rates as low as 7.9% or fixed rates for 25 years between 8.5%-12%

•LTV’s up to 75% on almost all commercial property types (1st liens only)

•Close in as little as 3-4 weeks

•We offer a true stated program (Most of our loan programs are stated- meaning we do not use your tax returns to qualify you for the loan.)

 

 

 

 

 

If you are in need of an investment property and think Hotel/Motels are what you are looking for then please don’t hesitate to call me at (845) 208-1011, or email me at steve@northeast-mortgage.com

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