Hospitality Financing // Largo Capital™

Property Types

Hospitality Financing

Largo Hospitality Finance Group

The Largo Hospitality Finance Group is focused on providing competitive hospitality financing to hoteliers through its strong network of correspondent lenders, in the U.S. and Canada.

Financing Options

Largo offers high leverage loans through its CMBS relationships, and more conventional financing options through its life insurance relationships.

Experience

Since its inception, Largo has financed over $1 billion in hotel assets throughout the U.S. and Canada, through its network of lenders.

Various Options

We provide hotel financing to owners and developers for limited, select, and full service hotels for every major chain, in addition to boutique and independent hotels.

Largo has long-lasting lending relationships with its network of correspondent hotel lenders that is comprised of life insurance companies, banks, agencies and conduits. Our hotel lenders provide Largo with limitless capital sources and enable us to provide our clients with a broad range of highly competitive hospitality financing options and loan products.

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Hospitality Financing Transactions

Hotel

Seattle, WA

$38,000,000

Hotel

Naples, FL

$18,700,000

Hotel

Cooperstown, NY

$8,700,000

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Hospitality Lending Platform

Property Types:

Franchised hotels or upscale independent/boutique properties

Deal Type:

Refinance, acquisition, cash out, PIP (in conjunction with acquisition/refinance), value add/reposition

Transaction Size:

Single assets: $2 million and up

Portfolios:

$10 million to $100 million

Term:

3, 5, 7 or 10 years

Amortization:

Up to 30 years

Guarantees:

Non-recourse, limited – full, performance based burn off

Leverage:

Loan-to-value (LTV) not to exceed 75%

Interest Rates:

Fixed and floating available

Debt Service Ratio:

1.25x

Experience:

Borrower must have industry experience or operating partners with successful management experience

This is not an offer, term sheet or commitment. Rates and terms can change without notice. All transactions are subject to underwriting and written approval.

Why Work With Largo

Experience.

Over $1 billion in hotel financing. Spanning 4 decades.

Value.

We are the financial arm for our clients and help them grow their business while saving them money.

Specialized Focus.

Our professionals are in the hospitality industry and only focused on hotel financing.

Results.

We are honest and upfront with our clients, and when we say we will deliver…we will.

Largo is a proud member of the Asian American Hotel Owners Association (AAHOA), the largest hotel owners association in the world.

Team

Hospitality Specialists

Katie Vivian, MBA

Business Development, Hotels

Getzville, New York

Cheryl McCormack

Hospitality Finance

Getzville, New York

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