LODGING turns the spotlight on several lenders and financial service providers serving the hospitality industry and what hoteliers need to know to identify the right partners. Read about navigating the hotel lending environment in 2022 here.
Editor’s note: The following list is in alphabetical order. All numbers reflect the 2021 calendar year.
MidCap Hotel Loans
MidCap Hotel Loans takes pride in the high level of personal contact and service that it provides to clients. MidCap Hotel Loans utilizes its long-standing relationships with the nation’s top hotel lenders to find clients the best deal possible and then follow through by walking hotel owners through every step from term sheet to closing. Some highlights from 2021 include arranging a cash-out refinance on a new hotel after only one year of operations and a three-pack extended-stay closing involving the cash-out refinance of two properties allowing for the purchase of a third.
- Average loan amount in 2021: $14.25 million
- Loan types/services offered: Acquisition, Refinance, and Construction, including CMBS, Life Insurance, SBA, USDA, Private Lenders, and Commercial Banks
- Company contact: Taylor W. Grace, tgrace@MidCapHotelLoans.com
What is your outlook for the lending environment in 2022?
“The 2022 hotel lending environment will be a mixed bag. On the positive side, many hotels are on their way to a full recovery from the effects of COVID, with some now even exceeding their 2019 performance. However, the industry is facing a significant headwind as it relates to the rising interest rate environment. The 10-year Treasury rate has risen from 1.65 percent a year ago to 2.65 percent today. Unlike past years where borrowers could exercise patience and rates would fall back down, this time it appears that it will not pay to wait.”
— Taylor W. Grace, Managing Partner, MidCap Hotel Loans
