MATTHEWS™Hotel Capital Markets · Nationwide
The live rate sheet for hotel debt financing. Indicative terms across every major hospitality debt program, from limited-service flags to luxury resorts, all 50 states.
Live rates
Index rates that anchor every hotel financing program on the sheet below. Pulled fresh from the Federal Reserve.
SOFR
3.60%
3YR UST
4.21%
5YR UST
4.29%
7YR UST
4.42%
10YR UST
4.56%
Prime
6.75%
Source: Federal Reserve (FRED) · As of June 2026
Every program
Indicative terms across seven capital sources, nationwide. Find the program that fits your hotel deal.
Conventional
| Terms | Bank / CU Conventional | Life Co. | CMBS | Bridge | Mezz / Pref** | USDA | C-PACE |
|---|---|---|---|---|---|---|---|
| Max LTV / LTC | 70% | 65% | 68% | 80% | 85% | 80% | 35% |
| Min DSCR | 1.25x | 1.50x | 1.35x | <1.00x | <1.00x | 1.25x | N/A |
| Loan Term | 3–10 Yrs | 3, 5, 7, 10 Yrs | 5, 10 Yrs | 3+1+1 Yrs | Cotermous w/ Sr. | 30 Yrs | 25 Yrs |
| Amortization | 20–25 Yrs | 25–30 Yrs | 30 Yrs | 30 Yrs | None | Self Amort. | Self Amort. |
| Interest-Only | 1–2 Yrs | Partial-Term | Full-Term | 3 Yrs | Full Term | 3 Yrs | 3 Yrs |
| Index | Prime / UST | 3, 5, 7, 10YR UST | 5, 10YR UST | SOFR | Fixed Rate | Prime | 10YR UST |
| Interest Rate Range | 5.75–7.75% | 5.81–6.85% | 5.76–7.11% | 6.65–11.15% | 12.00–18.00% | 8.25–8.75% | 7.19–7.49% |
| Prepayment Penalty | Negotiable | Declining / YM | Defeasance | Negotiable | Negotiable | Declining | Declining |
| Recourse | Negotiable | Non / Partial | Non-Recourse | Non-Recourse | Non-Recourse | Non if <20% Own. | Non-Recourse |
| Ground Up Construction | Yes | Yes | No | Yes | Yes | Yes | Yes |
| Origination Fee | 0.25–1.00% | None | None | 1.00–2.00% | 1.00% | 2.80% | 1.00% |
| Exit Fee | None | None | None | Negotiable | 1.00% | None | None |
** Mezzanine / Preferred Equity terms are indicative and subject to senior capital structure, sponsorship, and business plan.
Ready when you are
Structuring debt for hotel acquisitions, refinances, repositionings, and ground-up development. Nationwide, every flag, every segment.
Luke Thompson
VP & Director, Hotel Capital Markets
Disclaimer.The information contained in this rate sheet is for informational purposes only and represents general market indications as of the date shown. Rates, spreads, and terms are indicative, vary by transaction, and are subject to change without notice based on market conditions, sponsorship, property-level performance, and lender underwriting. This material does not constitute an offer, commitment, or solicitation to lend. All loans are subject to credit approval and customary closing conditions. Matthews Real Estate Investment Services™.