Refinance, Family Transfer, and Debt Consolidation of Hotel in New Mexico
The three million dollar debt structuring of the Suburban hotel of Albuquerque, New Mexico involved the transfer of the ownership from a mother to her daughter. Considering that many hotels are family owned and operated, many parents, for many reasons, are trying to transfer their hotel to their children. The transfer of ownership stocks is the correct vehicle for these parents.
The difference between a purchase and a stock transfer is that in an acquisition, a downpayment of 20% or more is required from the children. However, with the stock transfer, the parents retire their company stocks and the company issues a new set of stocks to the children. Additionally, the franchise agreement gets assigned to the children without the need for relicensing.
This is the our 3rd hotel loan I have financed through Scientific Capitol Group since 2008. Ramin has identified each deal to its true potential and has taken it to the right source for financing.
Ramin, You have helped and guided us in our business to reach our goals. You are a very knowledgeable financial advisor in addition to being the most dependable hotel loan broker. The difference between you and some other brokers we have worked with is that you always delivered what you had undertaken. During these hard times you have been amazing.