Scicap

Refinance of an Independent Hotel for a Foreign Owner with

Cashout and Conventional Loan in New York

Georgian Lakeside Resort
Lake George, NY

The financing of this hotel had one major issue, the borrower was not a US resident or citizen and did not live in the US. Additionally, the hotel is an independent one in tertiary market making it even harder to finance specially with very significant cashout well over a million that is to be used for outside investments not related to the subject hotel.

Our Other Projects With This Client

A major differentiator between us and the others is the loyalty of our clients. Here are the other hotel that we financed for this client not to mention a number of referrals that we have received from him.

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