Where senior sits
Senior facilities for stabilised hotels are commonly structured at 55 to 65 per cent LTV. Experienced sponsors and assets with clear trading visibility command the best depth.
Where it is harder
Value-add, transitional and development risk is available at a price, with private credit taking complexity that many banks will not hold.
Our read
Approach a wider lender list than the deal appears to require and compare offers on covenant headroom and speed as well as margin.
Published for information only. This is not an offer, valuation or investment advice.