Hospitality Lending for Hotels, Motels and Resorts
Hotel and Resort Financing Options
The First National group is a lending company that offers hotel financing and loan servicing for virtually all hotels and resorts – from large and small resorts to flag and boutique hotels. First National provides hotel and resort loans for property purchase and acquisition, new construction, renovation or remodeling of existing properties, refinancing an existing loan, or short-term bridge loans.
Lending to hospitality venues such as hotels and resorts is a directed asset class that First National focuses upon. With the ability to underwrite and service all of its hospitality loans First National provides the borrower an advantage of dealing with experienced bankers.
Hospitality Financing for Virtually Every Project
Property & Land Purchase Financing
Construction Loans for New Hotels & Resorts
Refinancing for Existing Properties
Renovation & Remodeling Loans
Equipment Purchase & Upgrade Loans
Short-term Bridge Financing
Established Hotel and Resort Lending
Hotel financing is available for flagged and boutique hotels and resorts with proven occupancy rates that result in sufficient cash flow to support the newly anticipated debt level. We will provide financing to hospitality operations located within the continental United States. On a limited basis, and under specialized circumstances First National will provide financing for destination off-shore resorts.
Hospitality Class Asset Types
Full-Service Flagged Hotel
First National finances the entire hotel operation. We look at hotels as an ongoing operating business and include furniture and fixtures as well as equipment in our finance analysis.
Destination Travel Resort
The seasonal nature of the resort finance arena creates special analytical issues for Lenders. We understand this asset class well along with the myriad revenue generators for destination resorts.
Inner-City Boutique Hotel
The nature of hospitality for inner-city development is demographically, historically focused. First National has a focus group directed at boutique hotel operations.