Lodging/Hospitality Finance
Lodging/Hospitality capabilities. RECC provides short-term debt and preferred equity loans for existing hospitality properties.
Typical Uses include:
- Acquire underperforming or value-added lodging properties
- Acquisition/Rebranding of existing lodging properties
- Note purchases secured by lodging properties
- Partnership buyout / equity recapitalization
Program Advantages
Purchase, refinance, discounted payoff, and 1031 Exchanges
- Leverage up to 85% of all costs including purchase, PIP, rehab
- Build all closing costs into the new loan
- Interest-Only during loan term
- Note rate may be structured as Current Pay plus Interest Accrual
- Loan term up to 3 years
