Hotel and Motel Mortgages

Get the Best Commercial Rates in Canada

Utilize the experience and know-how of CanEquity Mortgage to formulate the best plan to acquire your hotel or motel financing. Whether your hotel or motel mortgage will be used toward the building of a brand new accommodation property; the refurbishing of an aged hotel, motel or inn; the acquisition of a franchise; or a grand-scale renovation, CanEquity can find the best commercial financing product to suit your venture's needs.

If your start-up hotel/motel is not part of a recognized accommodation chain, securing financing through a traditional bank or financial institution may be difficult. CanEquity can attain financing from other syndicated non-bank lenders and real estate financiers at lower rates than provided through private commercials lenders.

Investing in a hotel/motel venture is a big step, but one CanEquity can take with you. For all of your inquiries and financing needs, contact a CanEquity commercial financing representative today by completing our free and secure commercial financing application.

Hotel and Mortgage Financing 101

In order to qualify for a traditional hotel or motel mortgage, the following criteria will usually be taken into consideration:

• Procurement of a 35 per cent down payment
• Operational expenses and income forecast
• Proof that mortgage will be supported by room rental revenue, not a bar or restaurant located in the hotel/motel
• Proximity to a major city centre or tourism site
• Condition of the property

The purchase of a hotel/motel can be your source of investment revenue for years to come, or even your lucrative retirement project. Discuss your plans with a CanEquity Commercial mortgage agent by applying online today.

^* Mortgage interest rates are subject to change without notice at any time. Some rates may be subject to minimum credit score, loan amount and may only be available certain lending areas. A quick closing loan condition may be required. Does not apply to preapprovals. Contact CanEquity for details. Although every attempt is made to ensure the accuracy of our website, the above mortgage information should only be used as a guideline and CanEquity makes no guarantees on any rates shown. CanEquity Mortgage always recommends that you consult a mortgage broker before making a decision. For any mortgage related questions or to speak to one of our mortgage specialists, please call 1-888-818-4262. CanEquity does not guarantee to have the lowest rate in Canada. We do make every attempt though to find the best mortgage deal possible for all of our clients.

^§ Our mortgages are only available to Canadian residents or foreigners purchasing property located in Canada.