Hey guys, need some help. I've done loans on pretty much every other asset class except hotels. My client, who is performing a portfolio refinance with me is considering refinancing his 63,000sqft, 110 room hotel here in San Diego. It's basically an A location but a C building.
Any recommendations on lenders? It's free and clear. He wants a $10mil loan.
| +48 | Being asked to stay behind and train my replacement | 14 | 3d | |
| +45 | New Comp Database - Google Form (Now with Data Validation) | 24 | 10h | |
| +30 | What does REPE actually do? | 12 | 1d | |
| +30 | Leave brokerage to be GP | 4 | 1h | |
| +24 | Public Homebuilders | 9 | 1d | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 13h | |
| +22 | REPE/Development GPA | 15 | 2d | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 3d | |
| +16 | UC Berkeley MRED vs Columbia MSRED? | 2 | 5d | |
| +15 | Hospitality Finance - Perks? | 3 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Pm me
Brosephstalin may know
Depends on what kind of takeout he is looking for. Is it stabilized and needs to be permed out? Or is he looking for a bridge loan? What's the in-place debt yield on the 10mm request?
Is everything with the hotel in order? Is it flagged? How's it performing relative to the comp set?
It's an independent operator. Stabilized. Should have financials this coming week. I'll know more about DY and such soon.
Depending on the type of execution and leverage of the loan, the most important part of a hotel right now for securitized loans is its performance in 2013 & 2014. If there is a significant ramp up in NOI due to merely the broader hospitality market, the correlation between pricing and debt yield may seem out of sync.
If you have questions, message me.
Officia et est dolorem ut sit ut. Quos sequi fugiat ut aut. Exercitationem minima voluptatibus totam sunt qui pariatur.
Ratione tenetur facere dolor sapiente mollitia impedit quae. Exercitationem commodi sed quam illo porro sunt modi corporis. Dignissimos sequi quam et ea. Minus id unde quo quos iure dolores.
At officia quae id dolores nulla in. Hic accusantium perspiciatis est. Ut repellat quae repellendus dolorem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...