NORTH BETHESDA, Maryland—Alternative Motels Worldwide, Inc. teamed up with the digital platform Bridge to assist present new and current Alternative resort house owners with entry to financing options. Alternative hoteliers will be capable of submit a request for a industrial mortgage through a custom-made Alternative Motels touchdown web page on the Bridge platform, which leverages superior expertise to digitize the mortgage search course of. Certified debtors will then have the chance to match charges and phrases from a number of lenders in Bridge’s community of greater than 100 lenders.
The lender base encompasses a spread of financing options, together with SBA, Standard, Bridge, CPACE, and CMBS choices sourced from banks, personal debt lenders, and direct lending from household places of work. Moreover, Bridge enhances the mortgage search course of for builders by making a digital providing memorandum and leveraging knowledge to supply screening supplies for lenders.
“This collaboration is a win-win for Alternative and its resort house owners,” mentioned Dominic Dragisich, govt vp, operations, and chief world model officer, Alternative Motels Worldwide. “Serving to our hoteliers get hold of and optimize financing for his or her properties is a excessive precedence, and this settlement with Bridge will give them entry to aggressive mortgage choices by an easy-to-use on-line interface.”
Alternative will promote the provision of the Bridge answer to potential house owners, with an emphasis on hoteliers within the firm’s Supporting Possession Entry and Illustration (SOAR) program, which is designed to create resort possession alternatives for traditionally underrepresented entrepreneurs. These aspiring hoteliers could also be impacted by monetary challenges on account of restricted publicity to the resort trade. Present house owners curious about refinancing or acquiring a brand new mortgage will even have entry to the Bridge platform.
“We’re thrilled to companion with Alternative Motels to empower all their builders with streamlined entry to capital,” mentioned Rohit Mathur, CEO, Bridge. “Our proprietary expertise not solely streamlines the financing course of but in addition gives a complete deal evaluation as a part of the financing request—a stage of perception historically reserved for big, established hoteliers.”
