Financing the Purchase of Motel with Projections in Ohio
Financing an economy brand hotel that was acquired by the seller in auction and is a turnaround case translates immediately in SBA loans and even then, it is tough to finance such a motel with insufficient cashflow and partial financials. Scientific Capital was able to go against the market practices and obtain a loan at 80% loan to value under the conventional program with reasonable rate fixed for five years and a 25 year amortization.
Our Other Projects With This Client
What differentiates us from the others is loyalty of our clients. Here is the other hotels that we financed for this client not to mention a number of referrals that we got from this client.
Townplace by Marriott
Finance the purchase and conversation PIP from Townplace to Mainstay at 75% LTV