Hotel Construction Loans
Loans for Construction, Renovation and Remodeling
Hotel & Resort Construction and Renovation
First National offers competitive hotel construction loans, and other financing for the renovation and remodeling of an existing large or small hotel and resort project. The first step is to speak to a First National banker. We will discuss the project’s needs with you as well as the requirements of the construction or remodeling project.
Hotel and resort construction, remodeling and renovation projects is one of First National’s selected commercial mortgage lending areas of focus. We have the highest standards and expectations. Property owners must provide proven project success and have an adequate level of experience with mid- to large hotel or resort construction and management to receive one of our hotel construction loans. Renovation, repair or purchasing new equipment to rejuvenate the hotel or resort is another opportunity for borrowers who want to elevate their guest’s experience. For smaller hotel projects, such as boutique or inner-city hotels, same level or dedicated and specialized attention is also given as the needs of this asset type vary greatly.
Complete Project Lending
Hotel and resort construction needs vary depending on the project. In addition to the construction of the hospitality venue, hotel construction loans and refinancing can include lending to develop other on-site property that enhanced the guest experience. For example, the hotel project may include plans for additional on-site facilities such as a health spa, meeting and conference halls or outdoor guest facilities. First National offers expertise in comprehensive resort and hotel construction loans.
Building Long-Term Client Relationships
Even after initial construction of the hotel/resort, First National can continue to be a great resource when when remodeling, renovation, repairs or new equipment or technology is needed. We view our clients as long-term partners in success. Many of the top hotel construction firms in the United States partner with proven commercial mortgage lenders such as First National.