National Capital, LLC

Creative Financing for Innovative Ideas

Fixed Rate

Hospitality Program


Property Type Flagged and Non-Flagged, Full and Limited Service Hotels.


Loan Size - $5,000,000 or greater


Security First mortgage on the Fee Simple Interest.  Leaseholds will be considered on a case by case basis.


Loan Terms 5, 7, or 10 (15-year fully amortizing)


Amortization Up to 30 year amortization


Debt Service Coverage Ratio Minimum DCSR 1.30x


Borrower Generally, must be a bankruptcy remote, single purpose entity.  Non-recourse to Borrower and Key Principals except for standard carve-outs including fraud, misapplication of funds, environmental and voluntary bankruptcy.


Maximum Loan to Value 75%


Loan Escrows Taxes and Insurance and FF&E Reserves. Seasonality reserves may be required.


Reserves at Closing The Borrower shall establish a deferred maintenance reserve account at closing equal to 125% of required deferred maintenance repairs.