Apartment, Hotel, Resort, and CASINO:  Flag and Non-Flag
Citi Prime Group
Mortgage's Hospitality
Industry Division
understands the industry
inside and out. Based in
Ripon, CA., we provide the
experience and resources
to solve all your hotel
financing requirements. Our
clients enjoy one-stop
shopping for permanent,
interim, construction,
renovation, mezzanine and
FF&E financing. The
Hospitality Industry
Division's staff has years of
experience in appraisals,
accountancy, commercial
lending, hotel operations,
franchise lending and asset
management.
As a Correspondent Lender, Citi Prime Group. works with lenders that provide financing for Apartment,
Hotels and Motels.

Whether you are looking for a loan on a mom and pop motel, or a large chain or independent hotel,
Citi
Prime Group
. can help find you the appropriate hotel or motel mortgage for your needs.

If your development project fits within the listed parameters, please fill out the Hotel and Motel Mortgage
Application.



Acquisition Loans
Construction Loans
Long Term Fixed Rate Permanent Loans
Refinance Loans
Rehabilitation Loans
Bridge Financing

Conventional Loans
Minimum Amount: $500,000
Purpose:  Acquisition, Refinance, Cash Out,
Construction, Renovation, Re-flagging  
Term:  up to 25 years fully amortizing  
Loan to Value: 70% - 85%  
Recourse:  Yes
Typical Rates: Prime + 100 to 150 basis points Libor + 300 to 350 basis points  
DSCR: 1.25 – 1.35



Conduit Loans      www.citiprimegroup.com
Minimum Amount: $2.5 Million
Purpose:  Acquisition, Refinance, Cash Out  
Term:  10 year term – 20 to 30 year payout - possible interest only for 1 or 2 years
Loan to Value: 85%  
Recourse:  Non-recourse subject to carve outs  
Typical Rates: 10 year treasury plus 150 to 350 basis points
DSCR: 1.35 – 1.45

Hard Money Loans
Minimum: 1 million
Purpose: Purchase, Refinance or Foreclosure Bailout
Loan to Value: 60%
Apartment Financing
Citi Prime Group offers a nationwide private banking advisory approach to managing your apartment financing. We provide
several direct, highly competitive commercial real estate loan products for qualified properties with commercial mortgages up to
$100 million plus.

Small Balance Loans

Smaller apartment financing and commercial loans for multi-family from $100,000 to $3 million are directly available from our
preferred capital partners. Our small balance loans offer many lending advantages including less paperwork and faster closings
than ever before.

Mid Size Loans

Financing for apartments worth $3 million to $8 million. The mid size loan program has been developed to serve the needs of
your important multi-unit commercial assets. Cohen offers apartment financing programs that serve the needs of investors with
excellent delivery time and substantial cost savings.

Large Apartment Loans

Financing for apartments $8 million to $100 million. The large loan program is designed to finance loan amounts in excess of
$30 million and is often structured with flexible terms to help the borrower meet their objectives.

       
 Non-Recourse Style Loans             Portfolio Style Loans                                
Property Type
Rates
State
Rates
   
Hotel
5.61%
Nationwide
6.47%
   
Apartment
5.63%
Nationwide
6.48%
   
Mobile Home
5.63%
Nationwide
6.47%
   
           
           
90% Financing >
find out how we can
finance your property
with NO INCOME
VERIFICATION and only
10% down!
1-866-819-FUND(3863)
Customizable Fixed Rate
Terms  -- 5, 7, 10, 15, 18, 20,
25, & 30 Yr. Terms
Defeasance, Yield
Maintenance, and Decreasing
Term Prepayment Options
High Leverage to 80% LTV
With 5% Mezzanine Financing
for 85% CLTV

Single or Multi-Asset
Properties
Cash, MBS, or DMBS Execution
365 Day Extended Rate Locks
Balloon or Non-Balloon Terms
Non-Recourse Above $1.5
Million
Tiered Risk-Based Pricing
 
Resort, Casino-Hotel Financing
HOSPITALITY AND TOURISM FINANCING

U.S. and International Financing and Refinancing, Acquisition, Construction, Renovations and Expansion of all
Major Flag Hotels, Resorts and Casinos  


Floating Rate First Mortgage Program:
Floating-rate first mortgage program provides higher initial funding and is ideally suited for acquisitions of
projects that have not yet reached stabilization. All financing are on a non-recourse basis with standard
recourse carve-outs.

Mezzanine Loan Program:
Mezzanine Loan Program provides 60% to 90% of the gap between senior financing and the borrower’s equity
for either value-added acquisitions of existing projects or new development.


PROGRAM HIGHLIGHTS:

Real estate acquisition
Construction
Furniture, Fixtures & Equipment Financing & Leasing
Acquisition of an Existing Hotel,
Motel or Resorts
Renovations, Refurbishing and Remodeling
Working capital
Refinancing
Interest rates Indexed to Libor
And U.S Treasury Bill
Term of Financing Up to 30 Years

___________________________________________________________________________________
Cohen Commercial Equity requirements for loan submission, including a management team with a
solid background in the industry, are as follows:    

Refinancing of Existing Facilities:

The verification of the original paid in equity provided at the initial acquisition date-no matter how old.

Income statement and budget reflecting a stabilized net operating profit with explanation as to how it was arrived.

Define any rehabilitation, updating, or repairs that are going to be done with the refinancing.

Outline any other liens, major liabilities, etc. That are going to be paid off with the refinance.

Personal financial statements of all principals owning more than 5% of the organization.

Two years tax returns for the organization and the principals owning more than 5% of the organization.

Two years income statements and balance sheet for the property, plus trailing period financials..

Resumes of all of the principals.

The amount of the present debt for all mortgages, both first and second mortgage.

Completed CCE Loan Applications and Credit Authorizations.

New Acquisitions:

Brief executive summary detailing the basics of the acquisition.

Pro Forma Income statement and budget reflecting a stabilized net operating profit with explanation as to how it
was arrived.

Define any rehabilitation, updating, or repairs that are going with the refinancing.

Two years tax returns for the organization and the principals owning more than 5% of the organization.

Two years income statements and balance sheet.

Personal financial statements on principals owning more than 5% of the organization.

Resumes of the principals.

Completed CCE Loan Applications and Credit Authorizations.

New Construction or Substantial Rehabilitation:

Brief executive summary explaining use and income source from the property and background of the
organization to be the proposed real estate.

Two years tax returns for the organization and the principals owning more than 5% of the organization.

Two years income statements and balance sheet, plus trailing period financials for substantial rehabilitation..

Personal financial statements on principals owning more than 5% of the organization.

Resumes of the principals.

Pro Forma Net Operating Statement .

Simple recap of Construction Costs.

Plans and Specifications for construction.

Completed CCE Loan Applications and Credit Authorizations.  
"When Banks say "No"  
we say "Yes"
Hotel-Casino-Apartments- Loans            CITI PRIME GROUP
                   Toll Free: 866-675-3729 or 1800-928-6154
www.citiprimegroup.com