Hoteliers have the unique drive to create a home-away-from-home for a wide cast of visitors. Hotels provide a place of solace for those on vacation, visiting loved ones, staying for business trips, facing emergency situations, and beyond. Whether your lending needs require a refinance, reflag, purchase, convert, etc., North Avenue Capital has perfected the hotel loan process to fit your needs. Through the USDA Business & Industry Loan Program, NAC is able to come alongside hoteliers to establish, grow, and expand.
Hotel and Hospitality Loans make up nearly 25% of NAC's loan portfolio and help to create a more enjoyable stay for nationwide travelers. North Avenue Capital (NAC) offers Hotel Loans guaranteed by the USDA. NAC structures Hotel Loans to provide cash to operate, without ceasing production in order to meet demand. Our borrowers are accustomed to the confidence, expertise, and established relationship NAC offers. We understand what it takes to create a place of comfort for travelers and sustain a business because we are a small business ourselves. We provide Hotel Loans for all types of growing businesses, ground-up construction, and startups.
With more than 20 years of experience in the hospitality industry, Harry Vaidya has worked in nearly every position that exists in the operation of a hotel. With this experience, Harry is uniquely qualified to develop a new Comfort Inn coming soon to White House, Tennessee.
Eric Johnson, Founder of NAC commented on HD Hospitality owner, Harry, “Harry has direct experience in the industry and this market. He knows his customer, and he has a track record of successfully developing and operating a hotel. NAC is proud to help Harry hoist this Choice Hotel flag.”
North Avenue Capital, LLC (NAC) is a specialized commercial lender committed to excellence in every aspect of the debt-financing process with a focus on partnership, communication, and execution.
As one of the only lenders in the country exclusively focused on USDA Rural Development programs, NAC uses its expertise, capital, and relationships to build businesses, grow local economies, and create jobs in rural America.
NAC can lend up to $25 million per project, substantially more than traditional financing sources focused on rural communities.
NAC originates interest-only construction loans, saving borrowers from multiple closings and eliminating uncertainty, changes in terms, and equity calls.
NAC works with a diverse spectrum of companies, including startups, projection-based businesses, and niche industries that are often unable to obtain conventional debt.
NAC specializes in consolidating multiple types of debt into a single loan structure, that is fully amortized, non-callable, with no balloon payments over time.
Are you ready to connect with a Loan Specialist? We are eager to connect. Our goal is to get back to you in less than 10 minutes.