How hard is it for commercial lending for hotel during covid

[Tamara R.]

I am looking to secure a loan for a hotel but think I may have some problems getting financing. I know there is a way. Any suggestions?

Background- we are just about to finish our Brrr on our 3rd property of two doors on each property to total 6 doors. We are living in three now finishing up for a refi in feb when we are totally done and will then have all 6 doors rented. I can refi it for less now with just the upstairs finished but the basement finished will add a lot of value to pull out on the refi and almost double the rent. A Hotel deal just came up that would cost less than my primary house and I could move into the living quarters there and pay less than my actual house with out renting anything out at the hotel since it may not run well for a bit due to covid. In two months I will have 6 doors rented. Until this latest house brrrr is finished I only have three rented out of the six. I am living in three of them so it looks bad as income isn’t really negative since the three are covering the other three with rent. When I do rent the last three it will basically all be income. I also have my income as a nurse that is stable full time but my husband hasn’t been working much since he has been working on the brrr so he isn’t showing much income but would be really easy to do since he is also a nurse. We are probably the lowest risk for financing but right now it doesn’t look very good on paper. Any suggestions on how to make it work for creative financing if the bank won’t lend for it?