Hotel Loans in Los Angeles
While some businesses with high variable costs and low fixed costs are not too adversely affected by downtime, businesses such as hotels lose money for every day they are not open and have to do everything they can to minimize interruptions. The biggest of these interruptions is often the time before a hotel opens or when it is changing hands with new management coming in. Yet, by securing fast funding with First Financial Capital anytime they need hotel loans in Los Angeles, hotel owners can minimize this downtime by benefitting from a streamlined loan process.
When borrowers apply for hotel loans in Los Angeles with First Financial Capital, they can rest assured that they will get the most reliable borrowing experience. We pride ourselves on complete transparency so that borrowers never get the rug pulled out from under them after their expectations are already set. Other things that borrowers can expect out of hotel financing in Los Angeles from First Financial Capital include:
- Full Funding Capabilities – While we differ from traditional banks in our ability to offer flexible loan terms that banks cannot, we are similar in that we have access to the funds needed to provide loans for multi-million dollar loans. Although hotel properties are seldom cheap, working with First Financial Capital allows real estate owners and businesses to get the funding they need to complete the purchase of a new building. Additionally, the fact that we can offer our borrowers loans with a Loan-to-Value ratio (of the full appraised value of the property) of up to 80 percent allows them to get needed hotel financing in Los Angeles without having to put up too much of their own capital to close on the property.
- No Pre-Payment Penalties –There are certainly many situations where borrowers are able to pay back the loans much quicker than the agreed upon repayment window. Yet, rather than punishing these borrowers, as is the custom with many large banks, we never charge our borrowers any pre-payment penalties. This not only gives borrowers flexibility once they have entered into the loan agreement, but it also provides them with a great deal of comfort when they are still making the decision about whether or not to take out a commercial loan. This is also ideal for borrowers who may want to refinance an existing loan when rates become more favorable.
At First Financial Capital, we strongly believe that the best way to do real estate financing Los Angeles is to offer loan terms that are both flexible and borrower oriented. This means that, whether borrowers need a loan to expand their holdings, or highly-sought after bridge loans in Los Angeles. Anyone interested in learning more about the commercial real estate loans that we provide can call (310) 694-5060. (Broker license number: CA DRE 01523939)