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We arrange the purchase loan for the

Super8 of Claypool, Virginia

1.6 million conventional loan

Purchase loan of Super8 of Claypool, Virginia

Obtaining financing for non-citizen/greencard borrowers is fairly difficult. The SBA loans require 51% ownership to be by Legal Permanent Residents (LPR) or citizens. Many banks shy away from non-citizens and also require the majority guarantors to be LPRs or a citizens. CMBS Conduit non-recourse loan program is the most suitable program for a foreigner to finance a hotel acquisition but it requires much higher equity injection, newer and higher tier of hotels,  and high debt yields not expected in many acquisitions. Private fund is definitely an option but fairly expensive. Bank loans seem to be the best option and this is why this acquisition was structured under the conventional program at 80% Loan to Value with fixed rate and 25 year amortization.

Other hotels we financed for this client

What differentiates us from the others is loyalty of our clients. Here is the other hotels that we financed for this client not to mention a number of referrals that we got from this client.

Closing of Holiday Inn Express of Stephens City, VA

 Closing of the Holiday Inn Express of Claypool, Virginia
 Closing of Super8 of Norton, Virginia
 Closing of Super8 of Lebanon, Virginia
 Closing of Sleep inn of Walterboro, South Carolina
 Closing of Refinance of Super8 of Lynchburg, Virginia

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