Hotel and Motel Mortgages

Get the Best Commercial Rates on Hotel Financing in Canada

Utilize the experience and know-how of Super Brokers Mortgage to formulate the best plan to acquire your hotel or motel financing. Whether your loan will be used toward the building of a brand new accommodation property; the refurbishing of an aged motel or inn; the acquisition of a franchise; or a grand-scale renovation, Super Brokers can the right financing product to suit your venture's needs.

If your start-up hotel/motel is not part of a recognized accommodation chain, securing financing through a traditional bank or financial institution may be difficult. Super Brokers can attain financing from other syndicated non-bank lenders and real estate financiers at lower rates than provided through private commercials lenders.

Investing in a hotel/motel venture is a big step, but one Super Brokers can take with you. For all of your inquiries and financing needs, contact a Super Brokers commercial financing representative today by completing our free and secure commercial financing application.

Hotel and Mortgage Financing 101

In order to qualify for a traditional hotel or motel mortgage, the following criteria will usually be taken into consideration:

• Procurement of a 35 per cent down payment
• Operational expenses and income forecast
• Proof that mortgage will be supported by room rental revenue, not a bar or restaurant located in the hotel/motel
• Proximity to a major city centre or tourism site
• Condition of the property

The purchase of a hotel franchise or local motel can be a source of investment revenue for years to come. Discuss your plans with a Super Brokers Commercial mortgage representative by filling out a commercial mortgage application today.