Resort Finance

Economic factors such as fluctuating fuel costs paired with a decline in travel can present tough challenges to businesses in the hospitality industry, understands that the hospitality industry is an important economic driver and has the industry experience to realize growth opportunities, even amid market uncertainty. Whether your goal is acquisition or the refinancing of an existing property.

A resort finance loan is designed specifically for businesses who are trying to start a resort or businesses which are looking to expand on an existing resort. Typically a resort loan is issued by a commercial lender. In some situations a business looking to get a resort finance loan may utilize a commercial loan broker. While using a commercial broker is not necessary the practice can lead to an improved chance of getting an approval, faster approvals and lower interest rates. This is possible because a broker will work with more than one commercial lender to get the best terms possible.

A resort financial loan is considered a fairly risky type of financing. As a result of this most lenders have extremely stiff policies surrounding them. Businesses with low credit scores often find it difficult if not possible to obtain a resort financing loan.

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