maine hospitality lending

The Lending Climate for Hospitality During a Pandemic…

There are no shortage of inn buyers or sellers these days. It’s almost as if the pandemic has placed an opportunity to hit the reset button, giving many a reality check of what’s important.  But are the banks lending? That’s the question on everyone’s mind. I closed one inn in February this year. Then Covid …

The Lending Climate for Hospitality During a Pandemic… Read More »

Looking to get into a lodging property before the start of the season but don’t want to carry the mortgage over the winter?

Did you know that some lenders will offer seasonal mortgages, where you make 4-6 large payments through the busy season and no payments in the slow season? We have several banks here in Maine that have hospitality properties in their portfolio and will offer seasonal mortgages. These lenders understand the nuances of tourism in Maine …

Looking to get into a lodging property before the start of the season but don’t want to carry the mortgage over the winter? Read More »