The goal of obtaining this loan was to refinance the existing adjustable rate SBA 7a loan with lower fixed rate conventional loan but with cash out up to 80% Loan to Value. However, it is a very difficult undertaking to refinance hotels specially economy and mid-tier brands and cash out at high loan to value. The factors that help achieve a successful refinance like this one is to have strong and stable cashflow, upgraded hotel, and multiple/stronger sponsors. We also were able to structure of the loan with a portion of the funding as a line of credit for the future use in other investments.

A major differentiator between us and the others is the loyalty of our clients. Here are the other hotels that we financed for this client not to mention a number of referrals that we have received from him.