Specific Use & Hospitality loans are traditionally the most challenging of all commercial real estate asset classes. San Diego Commercial & Business Financing has a track history of successfully closing these loan transactions. Not only do we have the ability to close these transactions, we do so at market rates, unlike most lenders who charge absorbent fees with high rates and still require extraordinarily low leverage.
These loans are challenging for most investors because should they be forced into foreclosure, there is a limited market to which the asset can be sold to or rented to. It also would take substantial funds to re-purpose the building into general purpose. SDCBF understands the risks and rewards of these asset classes, and we have the ability to present these assets in the best possible light to the CORRECT sources of capital, allowing for us to provide A+ service to those clients who own or are looking to purchase specific use commercial real estate.
We have a long standing track history with several hotel owner groups. We have not only helped them with financing their hotels, but have worked side by side to build (ground up) several mid-sized hotels.
Be Sure to review our more specific loan information for specific use and hospitality properties HERE.