Financing Purpose:
Commercial Real Estate Financing for acquisitions, expansion, refinance, business partner buyout and cash out.

Property Types:
All hotels are eligible (both flagged and non-flagged hotels). 

Loan Amount:
$100,000 – $500,000,000

Interest Rate:
Variable rates. 

Mortgage Term:
From 1 to 30-year terms.

Amortization:
All Types of Amortizations. 

Prepayment Penalty:
Declining scale, yield maintenance and defeasance options available

Collateral:
Primary Collateral, but other collateral may be required, depending on the loan transaction.

Debt Coverage Ratio:
Depends upon the project. JEBENA, INC will look at start-up projection     loans, as well as turn-around scenarios and stabilized business/property.

Recourse:
Full guarantees of all principals whom own 20% or more of the business. Non-Recourse is available in special circumstances (with standard carve outs). JEBENA, INC may request those with less than 20% ownership to guarantee the note should the loan request deems extra strength to the transaction.

Loan-to-Value (LTV):
Up to 70%.

Secondary Financing:
Secondary financing is allowable upon approval

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