Scientific Capital logo


 

Financing the Purchase and conversion of Hotel to Red Roof Inn

Comfort Inn

Pittsburgh, PA

 

This project included the drop of the Choice hotel franchise and converstion to the Redroof Inn. The lack of consistent historical cashflow for this new loan amount meant that the projections were key in securing a loan approval. Scientific Capital worked closely with the borrower and the Redroof franchise to plan a very detailed two-year monthly Profit and Loss projection to justify the future renvenues and the profits and the ability of the hotel to cashflow the new SBA loan. The key for this projection is the assumptions that and the logic behind the projections that Scientific Capital prepares as part of this projection.

 

 What Our Client Thinks of Us

 

I would like to thank you Ramin, for helping us secure finance through SBA during COVID pandemic where most banks were highly skeptical for any new finance.but with your knowledge and hard work you made it possible for us. Throughout the process, Ramin stayed on top of everything and involved in making sure it is done correctly. He was always available to answer any concern we had, In-fact Ramin reached out to us more than we did to make sure all each step was executed correctly in a timely manner. We will always work with Ramin and highly recommend to other hoteliers.

Parimal Patel: Buyer/Managing Member
Ashish (Alen) Patel: Seller 

 

What differentiates us from the others is the loyalty of our clients. Here is the other hotel that we financed for this client:

 

 Purchase/conversion of Comfort Inn & Suites of Washington, PA

 

Parimal and Alen were referred to us by Dhrumit and Karan Shah:

 

 Purchase of Fairfield Inn & Suites of Monaca, PA by Dhrumit Shah

 


Learn More About Us


About us Press to go to our client reviews page Sample hotel loans closed

About us


Testimonials


Sample hotel
loans closed


Press to go to our capital markets page Contact us Press to go to BBB website and see our rating

Our lending
sources


Contact us


BBB
A+ rating


Hotel loan checklist Hotel financing news

hotel loan
checklist


Hotel financing news




Our Popular Hotel Loan Programs


Press to go to our CMBS hotel loan page Press to go to our SBA 504 hotel loan page Press to go to our Bridge hotel loan page

CMBS


SBA 504

Bridge

Press to go to our Conventional hotel loan page Press to go to our SBA 7a hotel loan page Press to go to our Construction hotel loan page

Conventional


SBA (7a)


Construction


Press to go to our USDA hotel loan page

USDA B&I