Financing a Hotel
with Conventional Loan
Extended Stay America
Houston, TX
Scientific Capital arranged this $4.8 million conventional loan with 75% Loan-to-Value and 25 year amortization for the purchase of this Extended Stay America of Johnson Space Center of Houston, Texas. As in other hotel acquisitions, We reviewed the project and the regional credit market and offered our client a number of options including an SBA and some conventional options. Due to constraints on closing timeframe, we avoided SBA 504 as an option. After reviewing pros and cons of the loan programs, our client decided on this conventional loan offered by a regional bank.
What Our Client Thinks of Us
Ramin you demonstrated exceptional professionalism, deep market knowledge, and a genuine commitment to getting us the best financing terms possible. You took the time to understand our business goals, guided us through every step of the process, and communicated clearly throughout — making what could have been a stressful experience smooth and efficient. His expertise and persistence helped us secure a loan that perfectly fit our needs and timeline. We really appreciate your time and guidance throughout the process before signing PSA to closing.
Rasesh Patel
Managing Member
Rasesh Patel
Managing Member
Our Other Projects With 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.
Extended Stay America
Corpus Christi, TX
Corpus Christi, TX
Conventional
$4,350,000
Financing the purchase with conventional loan