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Hospitality Financing

Hospitality Financing

Hospitality Financing

Hospitality Financing

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  • The Largo Hospitality Finance Group is focused on providing competitive hospitality financing to hoteliers through its strong network of correspondent lenders, in the US and Canada.
  • Largo offers high leverage loans through its CMBS relationships, and more conventional financing options through its life insurance relationships.
  • Since its inception, Largo has financed over $1 billion in hotel assets throughout the United States and Canada, through its network of lenders.
  • We provide hotel financing to owners and developers for limited, select, and full service hotels for every major chain, in addition to boutique and independent hotels.

Largo has long-lasting lending relationships with its network of correspondent hotel lenders that is comprised of life insurance companies, banks, agencies and conduits. Our hotel lenders provide Largo with limitless capital sources and enable us to provide our clients with a broad range of highly competitive hospitality financing options and loan products.

Our Hotel Financing Options

Largo provides a variety of options to finance your hospitality project. From construction and permanent loans to mezzanine financing and more, we’ll do everything we can to help you find the right loan product for your project.

View Largo’s hotel financing portfolio here.

WHY WORK WITH LARGO?

Experience. Over $1 billion in hotel financing. Spanning 4 decades.

Value. We are the financial arm for our clients and help them grow their business while saving them

money.

Specialized Focus. Our professionals are in the hospitality industry and only focused on hotel financing.

Results. We are honest and upfront with our clients, and if we say we will deliver…we will.

LENDING PLATFORM:

Property Types: Franchised hotels or upscale independent/boutique properties

Deal Type: Refinance, Acquisition, Cash Out, PIP (In conjunction with Acquisition/Refinance), Value Add/Reposition

Transaction Size: Single Assets: $2 Million and Up

Portfolios: $10 Million to $100 Million

Term: 3, 5, 7 or 10 years

Amortization: Up to 30 years

Guarantees: Non-recourse, Limited – Full, Performance based burn off

Leverage: Loan to Value (LTV) not to exceed 75%

Interest Rates: Fixed rates, as low as 4%

Debt Service Ratio: 1.30X

Experience: Borrower must have industry experience or operating partners with successful management experience

This is not an offer, term sheet or commitment. Rates and terms can change without notice. All transactions are subject to underwriting and written approval.

Contact us for your hospitality financing project.

Hospitality Finance Department:

Lori Tirado, Managing Director LinkedIn Icon
Phone: 716-204-2223; Fax: 716-204-2201; Email: ltirado@largocapital.com

John Svec, Managing Director
Phone: 716-204-2221; Fax: 716-204-2201; Email: jsvec@largocapital.com