Find your winning ally in the Hospitality
Smart-risk lending solutions for Hospitality property owners and developers
Hospitality is a vibrant industry and BizMoney is proud to finance the properties in which Canadians house their valuables.
From construction to acquisition to refinancing, we provide solutions for hospitality properties at every stage. Our skilled financing specialists have expertise in hospitality-specific underwriting parameters and can tap into limited-access lenders who finance these properties.
With our extensive knowledge of the unique requirements in hospitality, our experts bring years of experience to achieve your objectives. We rely on our strong industry relationships to navigate complexities from full-service, limited-service, or extended-stay hotels and resorts.
Tap into the expertise of our industry-leading appraisers, who understand the nuanced value drivers in the hospitality sector.
Identifying the real value of hospitality
We provide the highest level of client service, with an expert analyst assigned to each loan in our portfolio — giving you a single point of contact and a trusted advisor at all times.
Hospitality Service through the loan lifecycle
Standard Financing
BizMoney’s standard financing programs are favored by borrowers when acquiring a new property or refinancing an existing building. Loan terms typically range from three to five years, have a fixed interest rate, and are closed to prepayment for the term’s duration.
Bridge Financing
BizMoney’s bridge loan terms usually range from three months to three years, include floating interest rates and allow some form of early prepayment. Borrowers choose this solution until standard financing is secured or while they contemplate a property sale, a change in ownership structure or enhance their tenant roster.
Asset Repositioning
BizMoney enables owners to access a property’s equity for a short term, typically two years or less, to fund capital improvements or repairs without the need to raise capital from personal sources or less flexible, higher-cost alternatives.
Secondary Financing
A BizMoney second mortgage enables borrowers to access property equity and use it to purchase another asset or renovate/repair their existing property.
Construction financing
A BizMoney construction loan, whether CMHC insured or conventional, provides funds to cover the cost of building or rehabilitating a multi-family property with terms typically of three years or less.
Our Motto
Fast and Streamlined Hospitality Financing
We understand that our clients need to work fast and efficiently in order to stay ahead of the game. That’s why we’ve designed our Hospitality Financing process to be as fast and streamlined as possible. Here’s what you can expect when you apply for Hospitality financing with BizMoney:
1. Fill out our online application form
2. Provide any necessary documentation
3. Receive a customized funding solution
At BizMoney, our goal is to make Hospitality Financing as accessible and hassle-free as possible, so that you can focus on what matters most – growing your business.
Connect with our welcoming experts in hospitality
Tap into the expertise of our industry-leading appraisers, who understand the nuanced value drivers in the hospitality sector.
Work with our licensed agents to secure competitive commercial real estate financing. Get in touch by filling the application and start your Journey now.
Our network of trusted professionals ensures that you receive the best possible rates and terms tailored to your specific needs.
Access the equity you’ve built in your home for other financial priorities including renovations, investments, debt or family obligations.
If you wish to renew your mortgage. Contact our Mortgage expert today to get the quote of your mortgage Renewal.
