Bridge
Request Financing

Managing Director, CRE

Shivan Perera

Shivan is the founding leader of Bridge’s hotel lending business and its ground-up construction program after a decade in CRE lending and capital markets.

Connect on LinkedInAll writers

Articles

48 articles

  1. Construction Loan Draw Schedule: How Draws, Inspections and Retainage Work in 2026

    A construction loan draw schedule sets milestone-based payments, inspections, and retainage so lenders fund in stages, not a lump sum.

  2. How much does it cost to build a hotel in 2026: Current Ranges and Benchmarks

    Building a hotel runs about $170K to $1.6M+ per key in 2026, per HVS medians by chain scale. See cost breakdowns and loan sizing math.

  3. Why Generalist Lenders Size Your Hotel Loan 18% Smaller

    Hotel cash flow normalization recovers loan proceeds generalist lenders miss. See where 18% disappears and the four moves that put NOI back on the page.

  4. When Not to Use SBA: Five Hotel Deals Where Private Capital Wins

    When does a non-SBA hotel loan beat SBA on cost, speed, or eligibility? See the 5 hotel deal types where private capital wins, plus a worked $480K example.

  5. When a Hotel Bridge Loan Saves the Deal (and 5 Active Lenders)

    Learn when a hotel bridge loan saves a deal, when it backfires, how bridge-to-permanent financing works, and the five hospitality bridge lenders active in 2026.

  6. The 30 lenders most active in hotel CRE right now, ranked by deal volume

    A directory of the most active hotel CRE lenders in 2026: non-bank hotel lenders, debt funds, life insurance, mortgage REITs, CMBS, SBA, and C-PACE, by deal type.

  7. SBA Hotel Loans: Line-by-Line Benchmarks for 2026

    Benchmark SBA hotel loans line by line: good vs typical vs concerning terms, two sample term sheets, active lenders, and 7(a) vs 504 decision math.

  8. SBA Hotel Loan Rates: 8 Terms Lenders Will Negotiate (and 4 They Won’t)

    See which SBA hotel loan rates and terms are negotiable: 8 items with real 2026 spreads, 4 that lenders won’t move, plus a competing-bid strategy that works.

  9. Mid-Market Hotel Acquisition Financing: 3 Deals Walked End-to-End

    See how three $10M-$25M hotel acquisitions got funded with SBA 504, bank, and bridge-to-CMBS structures. Full cap stacks, terms, and deal risks explained.

  10. Inventory Credit Line: When a Revolving Line Beats a Loan

    An inventory credit line is a revolving facility you draw, repay, and redraw as stock cycles. Learn when it beats a one-time inventory loan, plus costs.

  11. How to Get a Loan to Buy a Hotel as a First-Time Buyer: The SBA Scorecard

    Learn how to get a loan to buy a hotel as a first-time buyer. Score yourself on 12 SBA SOP 50 10 8 questions before you apply, and see which lenders fit your deal.

  12. How to Buy a Hotel: The 9-Month Timeline From LOI to Keys

    Buying a hotel takes about 9 months from LOI to keys. The month-by-month acquisition timeline: financing, franchise approval, PIP, and what kills deals.

  13. How to Buy a Hotel: A 9-Month Acquisition Timeline

    How to buy a hotel, month by month: deal screening, due diligence, financing, franchise approval, and closing, plus what kills deals at each stage.

  14. Hotel Underwriting Issues: A Diagnostic for When Your Hotel Loan Is Stuck

    Hotel underwriting issues stalling your loan? Use this 7-question diagnostic to find the root cause — DSCR, docs, lender fit, structure, or property — and fix it.

  15. C-PACE for Hotels: 5 Worked Cap Stacks Showing the Math vs. Mezzanine

    What is C-PACE financing? Five worked hotel cap stacks show blended cost vs. mezzanine, senior consent, state eligibility, and a 5-question owner self-check.

  16. Boutique and Independent Hotel Financing: Closing the Soft-Brand Gap

    Independent hotel acquisition financing costs more without a flag. See the penalty, four levers to close it, soft-brand conversion math, and active lenders.

  17. 7 Best C-PACE Lenders for Hotel Renovations (2026)

    Compare 7 top hotel C-PACE lenders ranked by deal size, rates (high 6%–mid 7%), eligible improvements, and retroactive financing options for 2026.

  18. 12 Hotel Term-Sheet Gotchas That Cost Real Money

    12 hotel loan term-sheet gotchas with Good/Typical/Concerning benchmarks, dollar-impact examples, and pushback language for every clause.

  19. Hotel DSCR Underwriting: $1.8M Generalist vs Specialist Gap

    Hotel DSCR underwriting by generalists costs 18-24% in proceeds. See the 4 normalization moves specialists use and a side-by-side on a real $1.4M-NOI deal.

  20. Best Hotel Mezzanine Lenders 2026 | Rates and Comparison

    Compare top hotel mezzanine lenders for 2026, including Ramsfield, Peachtree, PCCP, and LaSalle, plus when C-PACE beats mezz on cost of capital.

  21. Hilton Franchisee Financing Options for 2026

    Compare SBA, CMBS, bridge, and C-PACE loans for Hilton hotel franchisees. See investment costs by brand and apply through Bridge’s Hilton partnership.

  22. Top 5 Hotel Refinancing Options When Maturity Is Near

    Five hotel refinancing options for owners facing 2026 loan maturity: CMBS, SBA, bridge extensions, cash-out refis, and multi-lender comparison.

  23. Best Hotel Financing Companies 2026: Ranked Comparison

    Compare the best hotel financing companies in 2026 by rates, DSCR, and loan size. SBA, CMBS, bridge, debt fund, and C-PACE lenders ranked for owners.

  24. Hotel Lenders by Deal Type: 2026 Financing Guide

    Hotel acquisition financing, PIP loans, C-PACE, and construction lenders compared. Match your hotel deal to the right capital source with current 2026 underwriting data.

  25. CMBS vs SBA vs Bridge Loan for Hotels: 3-Way Comparison 2026

    Compare CMBS, SBA 504, and bridge loans for hotel financing in 2026. Side-by-side rates, LTV, closing speed, recourse, and when to stack bridge-to-permanent.

  26. C-PACE vs. Conventional Hotel Loans: 2026 Comparison Guide

    Compare C-PACE and conventional loans for hotel financing in 2026. See rates, terms, recourse, eligible uses, and how to stack both for better capital costs.

  27. SBA Hotel Loan Requirements 2026: Programs and Documents

    Complete SBA hotel loan requirements for 2026: 7(a) vs 504 programs, 10–20% down payments, 1.25x DSCR, credit scores, documents checklist, and lender matching.

  28. Hotel Pro Forma Guide: 8 Line Items Lenders Require

    Learn how to build a hotel pro forma that passes lender underwriting. Covers the 8 essential line items, sourcing STR data, common mistakes, and stress testing.

  29. C-PACE Financing for Hotels Explained | 2026 Guide

    How C-PACE financing works for hotels: eligible improvements, current rates and terms, capital stack positioning, and senior lender consent.

  30. 5 Small Business Loan Success Stories

    The situation: A first-time hotel buyer identified a 72-room select-service property listed at $4.

  31. Hotel Lender Underwriting Criteria 2026

    What hotel lenders are underwriting in 2026 — DSCR thresholds, leverage limits, and the metrics that decide your deal. Current rates 6.25 to 7.25%.

  32. Hotel PIP Financing Options: 6 Ways to Fund Your PIP

    Hotel PIP financing options — 6 structures to fund a brand-mandated property improvement plan on schedule. Compare rates, terms, and lender fit on Bridge.

  33. Hotel Renovation Loan Requirements 2026

    Hotel renovation loan requirements for 2026: credit scores, DSCR thresholds, documentation, and eligibility for conventional, SBA, FF&E, and C-PACE financing.

  34. Hotel Mezzanine Financing Explained | 2026 Guide

    Hotel mezzanine financing fills the gap between senior debt and equity. Learn 2026 rates (12-20%), blended cost math, 5 use cases, and how to compare mezz term sheets.

  35. Why Hotel Deals Stall in Underwriting 2026

    Hotel deals fail in underwriting, not from lack of capital. Learn the 7 most common underwriting pitfalls in 2026 and how to structure your deal before submission.

  36. Hotel Refinancing Options Faster Than Local Banks

    Compare hotel refinancing structures that close faster than local banks: CMBS, SBA, bridge debt, and C-PACE. Timelines, requirements, and a side-by-side table.

  37. Bridge Financing Success Stories | Hospitality and CPG

    See how Bridge delivers financing outcomes for hospitality operators and CPG brands. Real success stories, $500M+ funded, and an execution model that closes deals.

  38. Bridge and M3 Announce Strategic Partnership to Streamline Hotel Financing and Financial Intelligence

    Bridge and M3 Announce Strategic Partnership to Streamline Hotel Financing and Financial Intelligence

  39. Best Hotel Lenders for Operators: SBA, CMBS and Private Debt 2026

    Find the best hotel lenders for operators in 2026. Compare SBA, CMBS, private debt, and C-PACE to secure optimal financing terms for your project.

  40. Hospitality Specialist Lenders: Hotel Financing Network 2026

    Get specialist hotel financing & boutique hotel loans in 2026. Our network connects you with lenders who truly understand hospitality.

  41. Hotel Loan Comparison Tool: Find Lenders and Manage Deals 2026

    Find hotel lenders & compare loans in 48 hours. Bridge replaces spreadsheets with a centralized platform that makes it easy to compare offers and secure better terms.

  42. First-Time Hotel Buyer Loan: Ownership Without Experience 2026

    Breaking into hotel ownership without experience is possible. Learn how to secure your first-time hotel buyer loan with SBA financing options in 2026.

  43. Hotel Financing 2026: CRE Refinancing and CPACE Strategies

    Navigate 2026 hotel CRE financing with expert strategies for refinancing, CPACE, and construction loans. We help developers secure capital.

  44. Fast Hotel Loans 2026: Quick Commercial Term Sheet and Speed

    Get fast hotel loans in 2026 with Bridge. Secure quick commercial term sheets and accelerate your hotel financing with our streamlined marketplace.

  45. Hotel Financing – Why Bridge is the best all in one solution

    Secure hotel financing fast with Bridge, the all-in-one platform connecting you to hospitality lenders. Simplify applications & compare offers for hotel loans.

  46. Hotel Financing: C-PACE + USDA Stack Explained

    A practical guide to pairing C-PACE with USDA for hotel builds and renovations to improve NOI, strengthen DSCR, and maximize investor returns.

  47. ‍Bridge Partners with Red Roof to Accelerate Growth for Franchisees

    Red Roof® Announces Strategic Partnership with Bridge to Empower Entrepreneurs with Smarter Access to Growth Capital

  48. Hilton and Bridge Partner to Help Facilitate Hotel Ownership

    Hilton and Bridge business loan marketplace partner to help facilitate hotel ownership for entrepreneurs by helping them find affordable financing.