"No franchise required" bank loans.
Franchise brands no longer required for hotel financing.
Independent Hotels backed by Magnuson Hotels, the world's largest independent hotel group now qualify for bank financing, the same financing previously confined to franchisees of big chain hotels.
For decades, independent owners have been told by banks they need a franchise to guarantee a safe loan. Not any more- as the 17th largest overall hotel company in the world, Magnuson Hotels is proud to partner with CIT Global Finance to offer an industry first--"no franchise required" loans.
Benefits of Magnuson Hotels/CIT Global Finance"no franchise required" loans.
- Fastest loan turnaround, decision time for a loan of up to $2 Million can be as fast as two days.
- Loan terms ranging from 12 months to 25 years.
- Full line of hotel, commercial, industrial lending available.
Increase your occupancy and average daily rate with a Magnuson Hotels/CIT Renovation Express (FFE) Loan.
- Renovate or expand your hotel/motel.
- Purchase new equipment or finance large repairs.
- Borrow money to operate your business (line of credit for working capital).
Buy additional hotels/real estate with a Magnuson Hotels/CIT Acquisition Express Loan.
- Borrow for new construction.
- Leverage your borrowing power, using your existing assets as equity.