Mortgage on freehold land below a hotel? Is it possible?
Hi all, an opportunity has come up to purchase the freehold below a hotel. It’s just the land that the hotel is leased to, i.e a ground lease. 

I’m wondering if you are able to get mortgages on land like this? I can’t find much online. 

Thanks for any help!
[{"id": "hxn4g43", "text": "A mortgage can be it can be secured by any form of real estate. A long term ground lease really helps bolster its appraised value from what I know", "replies": [], "depth": 1}, {"id": "hxn6btb", "text": "Most ground leases prohibit the fee owner from mortgaging the property, but it is possible.", "replies": [{"id": "hxn6gy7", "text": "Thank you. But is it possible to mortgage the land? \n\nThe lease is just for the land, not for the building above (which is a leaseholder to the freeholder)", "replies": [{"id": "hxn90dk", "text": "Yes. Sorry, I should have clarified. The \u201cfee\u201d owner is the owner of the land. Do you have a copy of the ground lease? Check it and see what it says about the owner mortgaging the property.", "replies": [{"id": "hxn939i", "text": "Thank you, that\u2019s very helpful. I will do!", "replies": [], "depth": 4}], "depth": 3}, {"id": "hxo6z3q", "text": "I am working on this right now for a loan with a retail build to suit and a major national tenant. It needs to be allowed by the ground lease as mentioned above and not every lender is interested in this type of loan.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hxn6qpv", "text": "Are you purchasing the fee simple land or the assignment of the lease?", "replies": [{"id": "hxn7l2e", "text": "Fee simple, and the land is leased to the hotel.\n\nStandard UK type of commercial setup. Sorry if I\u2019m getting this terminology mixed up as trying to make it universally understandable!", "replies": [{"id": "hxn875m", "text": "Then yes you should be able to. The loan will be secured by the freehold.", "replies": [{"id": "hxn94zy", "text": "Thank you, that\u2019s very helpful!", "replies": [{"id": "hxn974z", "text": "At least in USA you can. But I would read the ground lease back to front.", "replies": [{"id": "hxn9a1r", "text": "Yeah I will do. It gets a bit weird over the pond.\n\nI appreciate the advice!", "replies": [{"id": "hxnpr21", "text": "Give us the details. How many years are left in the ground lease and what are the renewal terms? Market?\n\nHow many rooms in the hotel? Is it busy?\n\nWhat is the rent per sq. What is market rent? Was the rent prepaid or is it monthly?\n\nWhat is the price you will be paying? What is it worth?", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hxn8amf", "text": "Is there income on the land?  Ground lease etc?  Terms?  \nYes.  You can put debt on the ground.", "replies": [], "depth": 1}, {"id": "hxnpsyv", "text": "Give us the details. How many years are left in the ground lease and what are the renewal terms? Will you renew at market rents? How many options does the tenant have?\n\nHow many rooms in the hotel? Is it busy?\n\nWhat is the rent per sq. What is market rent? Was the rent prepaid or is it monthly?\n\nWhat is the price you will be paying? What is it worth?", "replies": [], "depth": 1}, {"id": "hxosers", "text": "I think you're in the UK and trying to buy the freehold interest on some land.\n\nIs it for sale? Is it profitable? \nIf the above is true why would the hotel/management company simply not buy the interest.\n\nBut more to your question, you should be able to apply for a commercial loan without a problem.\n\nThere are many companies out there that purely focus on being ruthlessly efficient by making freehold ownership profitable.", "replies": [{"id": "hxosr8o", "text": "Yes you are spot on - UK and freehold interest. \n\nIt\u2019s not for sale though owner may take an off-market approach, which is what I\u2019m currently thinking. It is profitable and generates a fair ground rent. \n\nThat\u2019s very helpful - I appreciate it!", "replies": [], "depth": 2}], "depth": 1}]