Lending
Hotels & Motels
Reach your goals
You name the type of lodging — from hotels and motels in large cities to those in small towns to those along highways — and we've helped the owners receive the necessary financing. Since 1993, we've been lending to hotel and motel owners throughout the United States.
Whether you need financing to cover the start-up costs for your first hotel or you're looking for funding to expand your operation into other markets, we're here to help.
Experience
Since we're a national commercial bank, we can provide loans for properties in all 50 states. The leadership team headed by our bank chairman Hiren Patel, has the expertise to assist with your new construction, acquisition and renovation funding.
Franchises
We've worked with top franchises such as Holiday Inn, Marriott, Best Western, Hampton Inn and Super 8 as well as numerous independent properties.
Approvals
In the business world, the ability to move quickly can often save you thousands of dollars. That's why we strive to provide conditional approvals in 7 to 10 business days.
Loan Amounts
Loan amounts can vary from 100k to 15 million. Loan amounts over 15 million can be available through participations with other banking institutions.
Interest Rates
We provide fixed and floating rate loans that are determined by the prevailing interest rates.
Terms
Terms range from 1 to 25 years with ballon payments.
Types of Loans
We provide loans for first mortgages, second mortgages, construction, renovation, acquisition, SBA 504 and 7A loans.
Since NRB is a national lender, we have expanded our hotel/motel portfolio across many states.
Bharat Patel
Chairman & CEO
Sun Development and Management Company
