Financing the Purchase and the PIP of an Independent motel with Projection based SBA loan in North Dakota
Gladstone Inn was a historical building before burning down years ago
It is fairly difficult to finance hotels and motels on projection basis specially when the revenues are on a sharp decline. Financing these hotels require a number of activities including researching the causes of the revenue decline, assessing the experience of the buyer and the buyer’s understanding of the causes of the decline, and validating and helping shape the buyer’s strategies and projections for the turnaround. Scientific Capital gets deeply involved with the buyer and the seller in the above activities resulting in successful completion of the transaction whichgoes beyond simply a financing transaction but to help the employees and the families of a declining hotel to have a secure employment.
What Our Client Thinks of Us
On behalf of the entire team at Gladstone Inn, we are delighted with the way Scientific Capital has navigated our leveraged buyout financing of this great hotel. Ramin produced several options for financing, created competition among the interested funding sources and put us in a strong position to negotiate the best terms and conditions. Ramin was strongly recommend by my family member and is so skillful and has the ability to execute the whole process more quickly and at a lower cost of capital than expected. Ramin was a pleasure to work with and produced great results and an intelligently structured credit facility.
Thanks Ramin for helping me adding another feather to my cap, me and my wife greatly appreciate all your efforts to work this out
Hemraj Patel& Jagruti Barot Managing Member
A major differentiator between us and the others is the loyalty of our clients. This was another project referred to us by Southeast International Hotel and the second project for this client’s greater family