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Meet the hotel finance team from GE Franchise Finance. This provides an overview of our lending program and the folks you should contact for more information.
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GE CapitalFranchise Finance, Canada
Senior Vice President,Canada
Edward Khediguian
Account Manager905-858-4968
Account Manager905-858-6425
Meet our dedicated industryspecialists in hotel finance.
Eastern Canada
Jessi Carrier
Account Manager514-871-4287
Western Canada Central Canada
Cameron Woof Ian Ricci
Contact us to learn more about the flexible transaction structuring and customized programs that we can design to meet your
specific financing needs.
GE CapitalFranchise Finance, Canada
GE Capital Franchise Finance, Canada is a leadinglender for the dynamic hotel market in Canada, providing financing for nationally known brands in the limited and select-service segments of the industry. Having financed over a $1B over the last 10 years in Canada, GE has been and continues to be committed to the industry, to new business, and to existing clients.
Our financing programs include refinancing existingdebt, acquisitions financing, remodels and expansionfinancing for both existing assets or to be acquiredassets. GE also has a program for takeout financing for newly developed properties under certain conditions.*
LOAN PURPOSESLoans available for the following purposes:• Refinancing of existing units is available up to 75%
of appraised value.• Refinancing with remodels / expansions of up to
75% of appraised value “as is” plus 75% of cost.• Financing of acquisitions of up to 75% appraised
value or cost of acquisition plus any renovations /remodels.
• Up to 75% appraised value “as complete” or cost for permanent turnkey financing for new hotel construction including land, improvements, building,furniture, fixtures and equipment under certain condition*.
TERMUp to 10 years based on an amortization of up to 25 years for real estate. Amortization terms for refinancing / acquisition of existing properties will bedependent on the age and condition of the properties.
AMOUNTMinimum $1,000,000 per property.
SECURITYGuarantees of all partners, shareholders, and/or related business entities.
INTEREST RATEBoth fixed and floating rate options available.
REQUIREMENTSExperienced hotel owner/developers with strongdemonstrated hotel management capability. Hotels must be limited or select service and carry a nationally recognized brand.
Custom hotel financing solutions at your service.
11CDN133
*Financing for newly developed assets or assets with less than 2 years of operating history may be considered under the circumstance where GE has exposure with Borrower with a stabilized affiliate property that is cross-collateralized.
For more information, call us today!
Quebec and Atlantic Provinces1-866-317-4323
Ontario1-866-329-4323
Western Provinces1-866-340-4323
GE CapitalFranchise Finance, Canada
When it comes to financing, there is no substitute for experience. GECanada Franchise Finance has astrong track record serving leadinglimited-service and focused-servicehotel concepts across Canada.
As this sample of transactions illustrates, you can be confident that we have both the expertise and the resources to help you grow.Our focus and experience financinghotels means you can rely on us every step of the way.
Whether you’re looking to refinanceexisting properties, build new properties or simply to remodel or expand, we can craft a financing solution that is customized to yourneeds.
Call us today!
Quebec and Atlantic Provinces1-866-317-4323
Ontario1-866-329-4323
Western Provinces1-866-340-4323
There’s no substitute for experience.
11CDN1344
Lakeview REIT7 Properties across Canada
$29.4MMSenior Debt Facility
Comfort Inn & Suites St John’sSt. Johns. Newfoundland
$3MMSenior Debt Facility (Renovation Tranche)
Residence Inn & Courtyard by MarriottMontreal Airport, Montreal, Quebec
$27.3MMSenior Debt Facility
