Refinance and Debt Consolidation of Independent
Motels with Conventional Loans in Oregon
Holiday Inn and Cascade Inn
Scientific Capital arranges 1.2 million for the consolidation refinancing of Holiday Motel and Cascade Lodge of Bend, OR. Many hoteliers in tertiary markets are in dire need to refinance, consolidate a number of credit lines and cards, cash out to finance major renovations, get lower rates and better terms, release cross collaterals on their other properties by their bank, or simply to end a banking relationship and start a new mutually beneficial one. Unfortunately, in these markets, options are limited to the few local community banks. The national lenders are only focused on SBA loans and avoid conventional loans for economy brand hotels in these markets. This is where Scientific Capital comes to assist these hoteliers with options that otherwise is not visible to these hoteliers. In this case, our client was in need of financing for all of his hotels, but unfortunately, he had no options for a conventional loan in this market that could consolidate a number of credit lines. Scientific Capital was able to finance the two motels through out of state lenders and consolidate the other loans helping the cash flow with a single monthly mortgage payment instead of multiple loans with high payments and high interest rates.
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Our Other Projects With This Client
Refinance of three motel portfolio including an independent motel