The best hotel financing options will have a combination of low rates, flexible loan terms, easy qualification requirements, and excellent customer service. Funds from the best hotel loans can be used to cover different types of expenses. Some examples of this can include the purchase or renovation of a building, expenses associated with acquiring business…
Business Financing
What Is the Loan-to-Cost Ratio: Formula & How to Calculate
The loan-to-cost ratio (LTC ratio), is calculated by taking the loan amount of a commercial mortgage and dividing it by the property’s total project costs. Project costs can include things like the purchase price, renovation costs, construction costs, and other related expenses incurred as a part of completing the improvements or repairs. The LTC ratio…
Loan-to-Value (LTV) Ratio: What It Is & How To Calculate It
The loan-to-value (LTV) ratio is the amount of your loan relative to the value of the collateral it’s secured by. The LTV ratio is commonly used by lenders in determining whether to approve a loan and the specific rates and terms that will be offered. Examples of loans that commonly use an LTV ratio include…
6 Best Real Estate Portfolio Lenders for 2023
The best portfolio lenders issue funding for properties with more flexible qualification requirements and loan terms. Portfolio mortgage loans tend to have higher rates and fees than other financing options but can be a good option for borrowers or properties that otherwise would not qualify. Some examples can include properties needing repair, borrowers with lower…
What Hard Money Loans Are and How They Work
A hard money loan is mortgage financing for businesses that are unable to secure other types of traditional financing due to poor credit or properties in disrepair. Due to high interest rates and high fees, this is usually considered last-resort mortgage financing. Hard money loans are short-term financing, with a maximum term of fewer than…
How To Use a Home Equity Line of Credit to Fund Your Business
For startups with a limited time in business or limited revenue, a home equity line of credit (HELOC) may be easier to qualify for than a business loan. Much like a business credit card, a HELOC gives you access to a line of credit that can be drawn against as long as there’s credit available….
What an FHA Multifamily Loan Is
An FHA multifamily loan is a mortgage loan, issued by a lender and insured by the Federal Housing Administration (FHA), that’s used to purchase a property with five or more units. These loans are subject to FHA loan limits and qualifications. FHA loans have lower interest rates and down payment requirements than conventional mortgages. FHA…
3 Best Apartment Loan Options
There are three types of financing available to small business owners looking for a loan to purchase an apartment complex. The type of loan they choose comes down to how well qualified they’re and how long they plan on keeping the building after purchasing it. Here are the three best types of apartment loan options:…