Nelson Funding can help you get your hospitality loan in Utah! Our direct lending partners fund all types of hospitality deals including ground-up construction, refinances, and purchases. They will accept both flagged and boutique situations. We can help you get your project financed thanks to lending capabilities in the following countries:
There is no hospitality project too big for the lending partners in our vast network! With our quickest direct lender, you can refinance in as little as 5 days or get construction loans in as little as 21 days.
Take a look at our lending parameters and learn more about the hospitality loan process today!
Hospitality Loan Lending Parameters
Once you are ready to apply for your hospitality loan, it is time to take a look at our lending parameters. Loan amounts start at $1,000,000 and go upwards of $250,000,000+. Interest rates range from 4.99%-9.99%, the origination fee is 2-4 points, term length can range from 6-36 months, and the time to close is 1-3 weeks.
Nelson Funding finances the following situations:
Eligible property types for a commercial loan include:
To receive the terms for your hospitality project in Utah, it is required that you provide our team with the following items:
Why Partner with Nelson Funding for Hospitality?
The hospitality loans through Nelson Funding provide the needing funding for the soft costs and entitlements that are required for ground-up construction including hiring architects, engineers, and consultants. Our lending experts have a greater understanding and appreciation for hospitality loans than many other lenders.
Our underwriting is always based on the future completed value of the asset which allows for a greater loan-to-value. We treat every hospitality loan like a partnership and will continue to support you and answer your questions every step of the way.
The Process for Getting a Hospitality Loan through Nelson Funding
Start the process of funding your hospitality project by filling out our convenient online application and submit the necessary documents to accompany your application. If you have any questions about the initial application, our friendly loan officers are always available to answer questions and make sure the application is correct.
Our lenders will issue terms as fast as 2-4 days after they receive all of these documents. The lending partners also require a refundable expense deposit that may cover legal fees and third-party reports (as-needed basis-appraisal, BPO, title, etc.). They will then meet with you for a site visit to complete due diligence. This will typically be completed with 7-14 days.
Our lending partners will coordinate closings with title and your deal will close within 10-30 days depending on the type of deal you have chosen. We can even use mobile notaries for your convenience!
Contact Us to Get Financing for Your Hospitality Project in Utah
Have a question about hospitality loans or lending?
Talk to our team of commercial lending experts today!
Nelson Funding is a leading provider of fast commercial loans in the industry. We streamline the process of getting hard money fast for your hospitality project and will expedite closings for immediate financing needs.
Get in touch with Nelson Funding today to discuss hospitality lending opportunities. Call 573-246-7087 or contact us online with any further questions about the process and our network of trusted lending partners. It’s time to get started on your loan application to finance your ground-up construction, refinance, or purchase!