2.5 mil a month hotel
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  1. #1
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    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.

  2. #2
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    What are they looking for ? $ Whats the approximate value of the property ?

  3. #3
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    Op how about you post something that let's all know what's needed. Like your telling story

  4. #4
    Senior Member Reputation points: 3217 CO1's Avatar
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    2.5 mil a month hotel

    http://www.newtekone.com
    https://www.smartbizloans.com

  5. #5
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    thanks they look exactly what I'm looking for & they do payment processing. http://www.newtekone.com/loans/term-loans/
    Quote Originally Posted by CO1 View Post
    http://www.newtekone.com
    https://www.smartbizloans.com

  6. #6
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    They'll look to do a 7(a). PM me if you need a resource to connect with a ton conventional lenders.

  7. #7
    Senior Member Reputation points: 3217 CO1's Avatar
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    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.

  8. #8
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    Quote Originally Posted by shieldfunding View Post
    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.
    Are you setup to offer credit card processing?
    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

  9. #9
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    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



  10. #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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