Financing the Purchase and the PIP of Hotel with Projections in Louisiana
Quality Inn(Conversion to Comfort Inn) Bossier City, LA
Financing hotels with declining revenue where the lender has to and rely on projections is fairly difficult as many lenders just avoid projection based financing. This is where our analysis of the project, examining the factors both in the past and in the future, analyzing the capabilities of the buyer, and the market analysis makes a difference and leads to a successful closing. This project was fraught with difficult hurdles which only the elements of patience, planning, problems solving, and perseverance on the side of all parties made it possible. Early in the project we realized that the exisiting lender had taken over the management of the property due to seller’s filing for reorganization. Scientific Capital was the project coordinator as well as the financing consultant making certain that the project that probably would have been canceled was funded successfully after four months of hard work.
What Our Client Thinks of Us
Ramin: Thank you very much for helping us get financing for Quality Inn& suites. You were perfect consultant for this tough project. You are on top of all the things associated with the transaction and kept everyone is loop. You were very friendly to work with and so helpful getting everything done professionally. We put our trust in you and you most definitely came through for us. Thank you Ramin for all your help getting this loan. Will definitely recommend you to our friends and family.
Ramin: Thank you so much for your help and extra ordinary work that you have done on this deal, it wouldn’t be possible without you. You have always been ahead of every single process and stayed on top of it . I have never seen a broker like you who has patience and you are the one who kept us alive in this deal, and gave us a hope. A hard work you have done with not only seller part but also us as a buyer as we had minus points too. But you have made possible and my family became a first time hotel owner because of you . Definitely in future when we have any opportunity, the first call you will get will be from us.
Ramin: It was completely an impossible deal but with your very positive efforts we made it. I know it was tough for you in the process, but you still made it happen. We are and will always appreciate your help in this entire process and we will sure work again for another deal. Thank you!