RESCUE CAPITAL LENDING PROGRAM
In response to the COVID-19 pandemic, CHC Hotel Capital has launched a direct lending arm to help hotel owners maintain control of their assets, keep debt service current and cover operating losses from the severe market downturn until business recovers.
We understand the urgent need for liquidity during this time and have structured a solution to help owners by providing short-term, custom-structured loans to cover all debt service and operating deficits until the property and market return to positive cash flow.
Loan Size
$250,000 - $10,000,000
Purpose
Cover all operating deficits and debt service shortfalls
Property Type
Limited and select service hospitality
Full service hospitality considered on a case-by-case basis
Locations
Nationwide
Interest Rate
12 - 15%
Loan to Value
< 70% on pre-COVID valuation
Term
5 years
Origination Fee
1.0%
Exit Fee
1.0%
Position
Mezzanine or Preferred Equity (with lender intercreditor)
Prepayment
18 months minimum interest
Recourse
Non-recourse, except for standard carve-outs
Credit Card Processing
CHC partner to be granted processing of all Sponsor-affiliated Hilton, Wyndham and Choice hotel assets
For additional information and a full evaluation of your property