Ampak Group - Mortgage Financing

Ampak Group

Ampak Group
14914 Winding Ct.
Suite 101
Tampa, FL 33613
(800) 296-AMPK (2675)
(813) 269-9600
fax: (813) 269-9292
ampak@ampak.com

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Your Partner in Success

Loan Application | Loan Calculator | Mortgage Checklist | Current Rates & Terms

We know your business first hand.
We find creative solutions to your financing needs besides making loans.
We will analyze various alternatives to find the best and cheapest capital structure for your project.
We will negotiate with your existing lender to find solutions (e.g. extending balloon payments) to any difficulties.
Capital restructuring includes reviewing your current finances and objectives, and finding a combination of new equity money, first and second mortgages and interim loans to maximize your return on investment.

LOAN TYPES:

Construction: For new build. Requires complete detailed construction budget, major franchise, at least 20% cash equity and proformas.

Mini-perms: For those hard to finance projects. Typical term is two years with additional fees up front and for extensions.

Remodeling: For major upgrades and renovations exceeding $500,000. For loans under $500,000, please see our Leasing Programs.

Permanent: First Mortgage financing using your fee simple project as security. 25 year amortization and 10 year maturity.

Loan Application & Quote Request

Loan Type:
(check all applicable)
Construction
Acquisition
Refinance Mtge.
Expansion
Renovation
Lease

E-Mail Address:

Property:

Location:

Borrower:

Contact:

Phone:

Fax:

# of Units:

Year Built:

Type (Resort, etc.):

Years in Business:

Purchase Cost:

Date Purchased:

Appraised ($):

Appraisal Date:

Current Loan Amount: $

Loan Wanted:
$

Use of Loan Proceeds:


	This Year	Last Year	NOTES
Occupancy:
ADR:
Room Revenue:
F & B Revenue:
Other Revenue:
Total Revenue:

Call us TOLL FREE at 1-800-296-AMPK (2675)

HOTEL LOAN PACKAGE CHECKLIST

Three (3) years actual monthly operating history.
Historical ADR and occupancy.
Actual trailing 12 month's income and expenses (on a monthly basis).
Current Operation Budget and Capital Expenditures Budget.
Specific uses of funds, including equity sources for acquisition properties.
Three (3) years Corporate Tax Returns.
Borrower and Principal Resumes.
Three (3) years Tax Returns for Borrower and Principal(s).
Franchise Agreement.
Franchise Inspection Report. (Three (3) most recent).
STAR report for property and each competing property (monthly), including Competition's ADR and Occupancy.
Site Plan.
Location Map
Property Description.
Photos of Property.
Copy of Current Appraisal.
Existing Lender Reference.
Terms of existing financing.

The calculator below will estimate an amortization table and/or monthly payments based on the information you provide.

Fill in the fields, then click Amortization Table to
get the whole table, or click Monthly Payments.

Enter dollar amount without commas

Amount of the loan ($)
Annual Interest Rate (%)
Total number of years

PLEASE NOTE: It takes up to 45 seconds
to calculate the amortization table.

	Current Rates and Terms
	CONVENTIONAL FINANCING
	Debt Service Coverage:	1.2% - 1.4%
	Loan to Value:	75% (up to 85% with mezzanine financing)
	NOI Assumptions:	a) Maximum average occupancy based on actual market or 65%, whichever is lower b) Minimum 3% management fee c) Minimum 4% franchising fee d) Minimum 4% ongoing replacement reserve
	Rate:	10 or 15 Year T-Bill plus 275 to 350 basis points
	Term:	10 or 15 years
	Amortization:	20 years
	Commitment Fee:	2% - 3%
	Recourse:	None, except for carve-outs (fraud) and misrepresentation
	Prepayment:	3 year lock-out then yield maintenance
	Subordinate Financing:	None
	Assumability:	Upon lender approval of purchase and payment of 1% assumption fee
	Third Party Reports:	a) Appraisal b) Phase 1 environmental c) Asbestos survey d) Structural engineering report
	Insurance:	Casualty, liability, and business interruption insurance coverage - AX or better Best's Key Rating Guide