Keep This In Mind While Applying For Hotel Construction Loans
There are a few things to remember when applying for hotel construction loans. First, make sure your plan is well-written and compelling. Your Executive Summary should highlight the essential points of your hotel project. This can make an excellent first impression. You should also have an old track record. Cross-collateralize another property instead of making a down payment One way to leverage the equity in another property to secure a hotel construction loan is to cross-collateralize another property. This is an alternative method of financing that doesn't require a down payment and can allow you to move quickly on a...