Refinancing Three motels with Conventional Loan in Oregon
Days Inn, Rodeway Inn, Dunes Motel Bend, OR
Scientific Capital arranges 3.83 million for the refinancing and cash out of the Days Inn, Dunes Motel, and the Rodeway Inn of Bend, OR. Many hoteliers in tertiary markets are in dire need to refinance, change the debt structure, cash out to finance major renovations, 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 or commercial 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. Scientific Capital was able to finance all three motels through out of state lenders, cash out for PIP and renovations, and include working capital.
What Our Client Thinks of Us
We as a couple run a number of hotels in Bend Oregon. We were trying to refinance our properties and we found Ramin. It was a great experience to work with him. He was so helpful in getting all the paperwork done on time. Ramin is so friendly to work with and so helpful in getting everything done properly and professionally. We trust Ramin with his advice and definitely can rely on his words. If we ever need any refinancing in the future Ramin is the person we would go back to. Thank you Ramin for all your work,help and patience.
Sejal and Ashwani Kumar
A major differentiator between us and the others is the loyalty of our clients. Mr. Kumar has referred us to his relative hoteliers and we have refinanced a number of motels for his relatives in Bend.