The Financing You Need for the Growth You Have in Mind
Your Dedicated Partner in Starting a Hotel or Motel Business
Preferred Capital provides CapEx/FF&E financing for:
• Hotel renovations
• Property improvement plans (“PIPs”)
• Brand conversions
• Furniture, fixture and equipment (FF&E) carve out for a new construction project
These loans typically range from $200,000 to $25 million and are amortized over the useful life of the improvements, typically 3-10 years. Our experience and knowledge of the hotel industry enable us to underwrite and close these loans in as little as two days.
Preferred Capital is able to thoughtfully structure a CapEx loan to meet the franchisees specific needs and the requirements of their senior mortgage through several loan and capital lease options.
CapEx financing can provide up to 20 percent of the total project costs for a new construction project. This allows the developer to more easily secure construction financing as this lowers the overall risk to a potential construction lender.