PRG CAPITAL: YOUR LEADING CANDIDATE FOR HOTEL FINANCING IN CALIFORNIA
PRG’s affiliate firm, Common Thread Hotels, is recognized as the market expert for independent hotels in California and benefits from extensive knowledge of the various submarkers within the state.
Our strengths lies in the following:
- Ability to Act and Fund Quickly
- Exceptional Track Record with Hotels in California
- Very Responsive
Our Lending Parameters
- Parameters Terms
- Loan Size $2-$20 million
- Loan Type First Mortgage
- Product Type Independent hotels
- Geography California
- Loan Term 2 to 5 years
- Loan to Value/Loan to Cost Up to 75%
- DSCR Requirements Existing DSCR’s below 1.0x are acceptable
- Interest Rates/Coupons Competitive market rates
- Loan Fees Typically 1.0% of loan amount
- Recourse Non-recourse financing
- Prepayment Flexibility Flexible and structured for each deal
- Amortization Interest Only