Results 1 to 6 of 6
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06-14-2018, 02:17 PM #1
$2.6MM Hotel Acquisition with 10-15% Down?
LaQuinta Inn acquisition for $2.6MM
Buyer has 10% down. Max 15%.
Credit is 800+
Location: New Mexico
SBA needs 2 yrs time in business; this is new business venture.
Can anyone do it?Last edited by Fundyman; 06-14-2018 at 02:19 PM.
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06-14-2018, 04:36 PM #2
- Join Date
- May 2018
- Posts
- 36
I can likely help with this. What is the address of the property / or even better do you know what the property is worth?
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06-14-2018, 07:01 PM #3
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06-15-2018, 11:31 PM #4
Are you saying the hotel has not been operating for 2 years, or our sponsoring entity? If the hotel has been in business for some years, we can absolutely present this as an SBA loan.
No points charged, nothing upfront.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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06-17-2018, 08:03 AM #5
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06-27-2018, 03:07 PM #6
- Join Date
- Jun 2018
- Posts
- 1
Sorry, cannot offer hard money loan.
Last edited by ThomasEdward; 06-27-2018 at 03:15 PM. Reason: invalid
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