Borrower FAQ

Start with your current loan balance, maturity date, hotel operating results and financing goal. RAD Capital Group is a financing advisor, not the lender; we help compare available hotel loan options and prepare the package for lender review. The right fit depends on current income, property condition, sponsor experience and any renovation needs.

Expect a review of monthly profit-and-loss statements, occupancy, average daily rate (ADR), revenue per available room (RevPAR), available STR reports, franchise details and sponsor financials. Lenders also consider debt-service coverage, property value, market conditions and required capital improvements. Eligibility and final terms are lender-specific.

A property improvement plan (PIP) and furniture, fixtures and equipment (FF&E) costs should be included in the funding analysis. Provide the brand's scope, budget and timing, plus the existing loan payoff and reserves. Depending on the property and program, a bridge loan, renovation financing or separate CapEx / FF&E financing may be considered; inclusion is not automatic.

Compare the payoff, closing costs, required reserves and renovation budget against realistic refinance proceeds. Send the maturity date and current operating results early. Potential options may include additional equity, a transitional financing structure or discussions with the existing lender. An extension or workout is not guaranteed.

Apartment borrowers may compare agency, bank, CMBS and bridge financing. Stabilized properties may fit permanent financing, while renovation or lease-up plans may call for a transitional structure. Program eligibility depends on the unit count, occupancy, income, property condition and sponsor profile.

Prepare a current rent roll, trailing operating statements, lease and occupancy information, the existing loan statement and maturity date, property details, entity documents and sponsor financials. Include a renovation budget and lease-up plan if relevant. Your assigned checklist identifies what is needed for your particular deal.

Debt-service coverage ratio (DSCR) compares property net operating income with debt payments. Loan-to-value (LTV) compares the loan amount with the property's value. A lender may constrain proceeds using both measures and other underwriting requirements. There is no single DSCR or LTV threshold that applies to every property or program.

Cash-out depends on equity, operating performance and the selected lender's rules. A property with renovations or incomplete lease-up may need a bridge structure rather than stabilized permanent financing. Provide the use of proceeds, improvement budget and expected operating plan; cash-out and future income are not guaranteed.

CMBS stands for commercial mortgage-backed securities. A CMBS loan is a commercial property mortgage intended for securitization, where mortgage payments support bonds sold to investors. Conduit loans are pooled with other mortgages. Stabilized hotels, apartments and other income-producing properties may be considered, subject to underwriting.

Compare flexibility, reserves, recourse, servicing requirements and exit costs—not just the quoted rate. Securitized loans have contractual servicing and consent processes that can differ from a balance-sheet bank loan. A property needing substantial renovation or leasing flexibility may warrant a different structure.

Review the actual loan documents for lockout periods, defeasance, yield maintenance and any permitted repayment windows. Early repayment can involve significant costs and coordination with the servicer. Obtain the relevant payoff or defeasance information before assuming a refinance will produce savings.

No. Non-recourse loans may still require carve-out guarantees and other obligations specified in the loan documents. Have your legal advisor review the guarantees, covenants and exceptions before signing. Non-recourse terms should never be treated as eliminating all personal exposure.

Start with the Lender Memo / Business Plan, property operating results, existing loan details and sponsor background. The assigned checklist may also request a personal financial statement, schedule of real estate owned, entity documents, personal and business tax returns, credit reports and a loan application. Requirements vary by deal; use your checklist rather than assuming this is a universal list.

Yes. Upload links have separate Tax Returns - Personal and Tax Returns - Business items. Place each return under the matching item and include the requested schedules. If a return is password-protected, enter its password in the matching tax item and use Save after files are uploaded.

Use the deal-specific upload link your loan team sent you. Paste that link in the document access box below to open it. Assigned upload links do not require a login. Signed-in borrowers can also find account-linked upload checklists in the Documents area of their borrower portal. If you do not have a link, request one from your loan team.

No. Uploading and lender approval are separate steps. Your checklist tracks items still needed, awaiting review, approved or requiring changes. Reviewed / Confirmed appears only when the checklist is actually approved. If changes are requested, follow the review note and provide the requested information.

Your upload page offers Download all (ZIP) when files are available, plus individual downloads. Use Message your loan team on that page to discuss the checklist. Keep financial documents and passwords in the assigned document experience, not in a public FAQ or general contact message.