USDA B&I Loans
One Rose Group offers USDA B&I Loans from $500K
USDA B&I LOANS
One Rose Group offers USDA B&I Loans from $500,000 up to $10 Million on Hotels throughout the U.S. The property must be located in a USDA Eligible Area. In addition the USDA has to have funds available in their budget or funding can be delayed until their new budget year.
One Rose Group will work with both the USDA and our Lending Partner to make obtaining a USDA B&I Loan for your Hotel as streamlined as possible. Typical closing time on a USDA B&I Loan is 120 days from your acceptance of a loan proposal.
One Rose Group can assist on USDA B&I Loans up to $10,000,000
Eco-Conscious
Acceptable Use of Proceeds on a USDA B&I Loan:
- B&I Loans may involve acquisitions, construction, conversion, repair, modernization or debt refinance
- Loan proceeds can be used for real estate acquisition and/or improvements, machinery, equipment, furniture, fixtures and working capital
- Closing costs and guarantee fees are also eligible
Program
Amount
$500K million to $10 million
Rate
Current market %
Amortization
Interest only available
Purpose
Acquisitions, Recapitalization, Construction Takeout, PIP/Renovation, Conversion, and Gap Financing (other scenarios considered)
Loan To Value
Up to 85% LTV
Loan To Cost
Up to 85% LTC
Loan Term
2 to 5 years
Loan Fee
1 %
Guarantees
Recourse and non-recourse
One Rose Group understands how to put a USDA B&I Loan Package together to make obtaining an Approval of your loan request a much easier process. Our Bank Business Partners are ready to fund USDA B&I Hotel Loans originated by One Rose Group.