You need to know with the proposed hotel the track record of the sponsor with new build development, what existing product is on the market, how is it performing, how much new builds are slated to come online, are they national flag brands or more regional to mom and pop in nature, is the site you are developing an A++ compared to existing buildings in the area, what rent per room would be needed to justify the development and does the consumer base in the area and travelers support it for the amenities and quality of construction you will be providing.

I think it will be more regional than 2007/2008.

Check out smaller local or regional banks.

Most HELOC lenders that are good in the SF Bay Area have regional footprints based on where the properties are.

You are generally going to have the best luck with smaller local or regional banks. 

RepairsIn Bridgeport, Connecticut and many North East regions we also include Snow Removal and Pest control.I'm not sure what state this property is in which may have other expenses you need to consider.

As a side note, there are more lenders willing to add MH to their portfolio than in years past so you will find more option out there today, especially with smaller local and regional banks. 

good luck with it.. listen to the locals building is highly regional.

The Middlefield Banking Company was offering similar terms a couple years back...not sure of they are regional or would go nationwide. 

Cash for keys is a very "shaky" area.For me, most of my properties are in the same state region.