Financing the Purchase and conversion of
Hotel to Red Roof Inn
In projects where the hotel’s revenue is not fully stable and specially a change of brand and a conversion is involved, SBA loans are the most suitable option. Scientific Capital worked closely with the clients to prepare a monthly two-year projection of the profit and loss of the hotel under the Redroof brand during and after the PIP (Property Improvement Plan required by the franchisor). This projection and its assumptions was the key in justifying the future revenues and the profits and the ability of the hotel to cashflow the debt, hence, qualifying this transaction for the SBA loan requested.
What Our Client Thinks of Us
I would like to thank you Ramin, for helping us secure finance through SBA during COVID pandemic where most banks were highly skeptical for any new finance.but with your knowledge and hard work you made it possible for us. Throughout the process, Ramin stayed on top of everything and involved in making sure it is done correctly. He was always available to answer any concern we had, In-fact Ramin reached out to us more than we did to make sure all each step was executed correctly in a timely manner. We will always work with Ramin and highly recommend to other hoteliers.
Our Other Projects With This Client
What differentiates us from the others is the loyalty of our clients. Parimal and Alen were referred to us by Dhrumit and Karan Shah