Results 1 to 10 of 10
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06-18-2017, 11:25 AM #1
- Join Date
- Oct 2012
- Posts
- 360
2.5 mil a month hotel
any connections out there for bank type rates ? maybe someone has connection with actual small bank could refer this to. would try and get the merchant processing as i don't think there is $$ for closing fees.
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06-18-2017, 11:57 AM #2
- Join Date
- Apr 2015
- Location
- New York City & Florida
- Posts
- 82
What are they looking for ? $ Whats the approximate value of the property ?
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06-18-2017, 06:46 PM #3
- Join Date
- Apr 2014
- Posts
- 781
Op how about you post something that let's all know what's needed. Like your telling story
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06-18-2017, 06:59 PM #4
2.5 mil a month hotel
http://www.newtekone.com
https://www.smartbizloans.com
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06-18-2017, 08:14 PM #5
- Join Date
- Oct 2012
- Posts
- 360
thanks they look exactly what I'm looking for & they do payment processing. http://www.newtekone.com/loans/term-loans/
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06-18-2017, 10:00 PM #6
- Join Date
- Oct 2016
- Posts
- 4,318
They'll look to do a 7(a). PM me if you need a resource to connect with a ton conventional lenders.
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06-19-2017, 12:21 AM #7
2.5 mil a month hotel
Good luck- keep in mind it's all about how you package these products and be able to come up with logical solutions. Example- Salary put backs, make sure no child support payments are in, judgements, an etc.
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06-19-2017, 11:06 AM #8
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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06-19-2017, 01:15 PM #9
If Its a flagged hotel and they own the property ill refinance it depending on location and if they have the equity, we do a tremendous amount of flagged hotels and i can safely offer around 75% LTV for 12 months *** . most of them take us out within 6 months after they've arranged conventional financing.
What is the address?
how much do they owe on the MTG?
Do they have a STR report?Last edited by Jstarr; 06-19-2017 at 01:17 PM.
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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06-19-2017, 06:01 PM #10
SBA if all lines up accordingly.
Criton Capital, LLC
12508 W. Atlantic Blvd
Coral Springs, FL 33017
Tel: 786-210-5557
Fax: 786-228-0884
loans@critoncapital.com
www.critoncapital.com
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