Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
What is the best financing for hotel at 65% LTV?
Miami hotels at 65% LTV qualify for non-recourse CMBS fixed-rate financing typically priced 6.75%–9% for stabilized assets, with the strongest sponsors at 60% LTV reaching 6.25% for 10-year terms. Miami's international tourism base, Art Basel-to-spring break demand cycle, and $3.5B convention center investment drive some of the highest RevPAR in the country, making South Florida hospitality a preferred CMBS asset class.
Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder
CMBS Hotel Refinance in Miami, FL
Miami hotel owners: refinance into non-recourse CMBS at 65% LTV with fixed rates from approximately 6.25% on the strongest stabilized deals (typical 6.75%–9%). Capitalize on South Florida's international tourism, convention demand, and year-round occupancy.
Minimum 30-35% equity required. Experienced hotel operators in the Miami-Dade / South Florida market with stabilized properties in Miami Beach, Brickell, Downtown, Coconut Grove, or airport corridor.
Deal Parameters at a Glance
LTV Target
65%
Est. Rate Range
6.25% – 11%+ (typical 6.75% – 9%)
Term
5-10 years fixed
Recourse
Non-recourse
DSCR
1.25x minimum
Closing Speed
30-45 days
Min Loan Size
$5M
Loan Products
CMBS
Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.
When Is This the Right Fit?
This financing is ideal when your Miami hotel is stabilized at 65%+ occupancy with 12 months trailing NOI. Miami benefits from a uniquely diversified demand base: Latin American and European international travelers, domestic tourists, convention attendees, cruise passengers, and a growing tech and finance business travel segment. If you hold bridge debt at 8-15%, refinancing into CMBS (typically 6.75%–9%, with the strongest deals reaching 6.25%) significantly reduces debt service. Properties in Miami Beach, Brickell, and the airport corridor command premium CMBS pricing. If your hotel caters to seasonal snowbird traffic only, underwriters will stress-test summer months more aggressively.
Want the full program overview, current rate sheet, and underwriting matrix? See the CMBS Loans guide →
Key Benefits
Strategic Alternatives
CMBS Hotel Refinance in Orlando, FL
If your hotel is in Central Florida rather than South Florida
Learn more65% LTV Hotel Refinance After PIP
If your Miami hotel recently completed a PIP and needs post-renovation financing
Learn moreBridge Loan for Hotel Renovation
If your Miami hotel needs renovation before qualifying for permanent CMBS
Learn moreFrequently Asked Questions
See Related Rates by Program
PeerSense covers the full commercial capital stack. Indicative levels that lenders in our network have been pricing across these programs, as of August 1, 2026.
SBA 7(a) & 504
5.50–11.75%Up to $5M acquisition / real estate / equipment, 10% down
Bridge Loans
9.00–14.00%12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV
DSCR Investor
5.95–8.50%30-yr fixed rental, qualifies on property cash flow
Equipment Financing
5.50–12.00%Loan, lease, SBA 504, vendor, captive. Section 179 eligible
Hotel Financing
5.85–11.75%CMBS + SBA 504 + bridge + PIP across all flags
Private Credit
7.80–18.00%Non-bank flexibility, unitranche, recap, transitional
Invoice Factoring + ABL
0.5–3.5% / 30dB2B receivables, trucking / staffing / construction / govt
No-Doc CRE
7.50–11.50%Limited-doc commercial, asset-based underwriting
Foreign National
7.50–11.00%Non-US borrower CRE + bridge, no SSN required
Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.
Connect with PeerSense, Direct Capital Advisory
PeerSense pre-underwrites every deal before presenting it to our institutional capital sources. With a curated network of lender relationships and live market rate intelligence, we match your hotel deal with the right capital source, right now.
Fee at closing only · Complimentary initial consultation
Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated March 2026.
Disclaimer: The information on this page is provided for educational purposes only and does not constitute financial, legal, or investment advice. Rates, terms, and availability are subject to change based on market conditions, property characteristics, and borrower qualifications. The rate ranges cited reflect approximate market pricing as of March 2026 and may not reflect current conditions at the time of reading. PeerSense is a capital advisory firm, not a lender. We do not originate, fund, or service loans. All financing is provided by third-party lenders subject to their own underwriting criteria and approval processes. Borrowers should consult with qualified financial and legal professionals before making any financing decisions.