Financing Hotel Purchase with 80% Conventional Loan in West Virginia
Red Roof Inn
Many hoteliers automatically rush to the SBA loan programs becuase it is easier to source the SBA loans. This buyer contacted Scientific Capital through our website and our informaiton and sample conventional hotel loans. With time running out, we were able to jump in at the last minute, package the loan, and source a conventional lender at 80% loan to value and fixed fixed low rate. When receiving a loan request, we examine all possibilities and will arrange a conventional loan if the market and the nature of the hotel transaction is suitable for this type of loan.
Ramin: It was pleasure working with you on this project. We hit a road block in our SBA financing and it was a quick turnaround with a conventional loan which worked out to be a better option for us. I sincerely appreciate your in depth understanding of the lending procedures making approval an easy process with all documentation in place. We were able to close in a timely manner. We would certainly be back with you for our next project and be glad to recommend to other hoteliers as well.