The Hotel Rate Sheet

Current Rates for Hospitality

If you’re exploring debt financing for a hotel, whether it’s an acquisition, refinance, repositioning, or ground-up development, knowing where rates stand across every major capital source is half the battle. This Hotel Rate Sheet cuts through the noise by displaying indicative terms across seven hospitality lending programs in one place, giving hotel owners, investors, and developers a clear side-by-side view of current terms. It includes LTV limits, DSCR requirements, loan terms, interest rate ranges, prepayment structures, and recourse requirements for deals across all 50 states, from limited-service flags to luxury resorts.

Terms	Bank / CU	Life Co.	CMBS	Bridge	Mezz / Pref**	USDA	C-PACE
Max LTV / LTC	70%	65%	68%	80%	85%	80%	35%
Min DSCR	1.25x	1.50x	1.35x	<1.00x	<1.00x	1.25x	N/A
Loan Term	3–10 Yrs	3, 5, 7, 10 Yrs	5, 10 Yrs	3+1+1 Yrs	Coterminous w/ Sr.	30 Yrs	25 Yrs
Amortization	20–25 Yrs	25–30 Yrs	30 Yrs	30 Yrs	None	Self Amort.	Self Amort.
Interest-Only	1–2 Yrs	Partial-Term	Up to Full-Term	3 Yrs	Full Term	3 Yrs	3 Yrs
Index	Prime / UST	3, 5, 7, 10YR UST	5, 10YR UST	SOFR	Fixed Rate	Prime	10YR UST
Interest Rate Range	5.75–7.75%	5.81–6.85%	5.76–7.11%	6.65–11.15%	12.00–18.00%	8.25–8.75%	7.19–7.49%
Prepayment Penalty	Negotiable	Declining / YM	Defeasance	Negotiable	Negotiable	Declining	Declining
Recourse	Negotiable	Non / Partial	Non-Recourse	Non-Recourse	Non-Recourse	Non if <20% Own.	Non-Recourse
Ground Up Construction	Yes	Yes	No	Yes	Yes	Yes	Yes
Origination Fee	0.25–1.00%	None	None	1.00–2.00%	1.00%	2.80%	1.00%
Exit Fee	None	None	None	Negotiable	1.00%	None	None

As of June 2026

** Mezz & Pref Equity terms are subject to a review of the capital stack, sponsorship, hotel operations, and the strategic plan. Terms will vary significantly based on that review.