Securing the best possible motel loans involves more than a trip to your friendly neighborhood banker.
As with all commercial lending situations, presenting your motel property in the best possible light, and understanding the nuances of the many financing programs available can make a huge difference in the quality of the loan offers you ultimately receive.
Motels with national franchise affiliations are considered "flagged" properties.
Motel or Hotel properties with no national franchise affiliation are considered "unflagged." "Mom & Pop" style operators typically run these types of facilities and the quality and level of service varies considerably.
When underwriting motel loan opportunities, K2 Commercial Finance first considers the type of hospitality property that requires financing. In addition to the "flag" issue, we have programs specifically designed for full service motels, limited service motels and suite or extended stay motels.
We will work with you to create the strongest possible loan submission package, highlighting the strengths of your property with respect to its local market and specific location attributes, as well as favorable property conditions and characteristics.
K2 Commercial Finance also has a unique method of normalizing motel income and positioning expense considerations that helps our lenders provide the best possible loan offers in the shortest amount of time.
When you have a requirement for motel loans and motel financing, make sure to work with a commercial mortgage specialist that understands this particular market niche. The difference between a good loan and the BEST possible loan could mean tens of thousands of income to you over the years!
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