Scientific Capital structured the financing of the Comfort Inn and the Wingate as two separate loans at 70% loan to the total cost of $22 million including $1.2 million PIP. The terms are attractive as the loans are fully amortized for 25 years with the initial fixed rate of 6% resetting every five years. Our challenge in this project was to analyze the financials, to extract the add backs that included many of the seller’s personal expenses, and to identify lenders with appetite to finance these hotels under the conventional program when the cashflow would only support the debt service after these add backs are credited to the cashflow.