Financing the Purchase of Hotel with Conventional Loan in North Carolina
In this project the focus was on longer term fixed rate (7 years) but at an attractive rate (4.75%) with about 350K of PIP and renovation funds. As usual many banks in the North Carolina market are saturated with hotels and it takes a fair understanding of the market and the lenders to place conventional loans. With time constraints in mind, we funded this loan on time allowing this crucial transaction to be completed on time and with requested terms by Akshat our super client.
|Acquisition of the Comfort Inn of Pinehurst, NC and client’s review of our performance|
|Acquisition of Wingate of Southport, NC|
Akshat Patel at our booth, AAHOA 2018 (Washington DC)
Akshat Patel at our booth, AAHOA 2016 (Nashville)