[rdgllc]

Morning all,

I have a client that purchased an independent (non-flagged) hotel last year as part of a business acquisition. It was operational a few years ago and is a historical hotel for the city built in the late 1800s. My hurdles have been that it is currently non-operational in a tertiary market, and it is a non-flagged hotel. Hotel is worth 3.7M and client is looking for a loan amount of 2-2.5M to cover rehab, marketing, and working capital to assist with the relaunch; I have a specific rehab breakdown budget among other documentation. Client already has a contract in place for a long-term room block as well. A bridge loan would be fine, and then it can be rolled into permanent financing later.

I've exhausted all my usual resources for this which has caused me to reach out here. Does anyone have any recommendations for a deal like this? I am fine with co-brokering as long as we don't waste each other's time.

I appreciate any assistance in advance.