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.
Our Other Projects With This Client
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.
It is always a pleasure to hear from Akshat Patel or meet him at AAHOA.