In this episode, Chase sits down with hotel mortgage broker Larry Yells to unpack the current state of hotel financing and what owners need to know heading into 2025.

Larry has spent more than two decades navigating the ups and downs of capital markets for hotel owners — from the “good old days” of 75% leverage to today’s tighter lending standards. He breaks down who’s still lending, what loan products are working, and how to position your deal for success in a challenging environment.

You’ll learn:

• What’s really driving today’s lending landscape for hotels
• The difference between SBA, conventional, CMBS, and bridge loans
• How leverage, DSCR, and loan-to-cost ratios have shifted
• Why “clean books” and transparency matter more than ever
• What lenders look for in flagged vs. independent hotels
• Where the biggest opportunities (and challenges) are emerging for 2025–2026

Larry also shares real-world financing stories, including one memorable “elevator nightmare” that almost tanked a deal — and what owners can learn from it.

Tagline: The only place where debt talk won’t put you to sleep.