[Fundyman]

1st thing to understand: Hotel has not rented rooms this month.

10 months in business
Was operating with partial cash going directly towards renovations, not even deposited into the bank account.
ADR report shows $46K/mo easy prior to September.
This is off about 45 rooms. Hotel has 80 rooms total.
Bank statements show $31K/mo over last 2 months.
Credit is in mid to high 700s.
Merchant plans to reopen in exactly 10 days but would like funding immediately in order to operate all 80 rooms instead of just 45 currently usable.

If you believe you are able to fund this deal even on a starter offer with deferred payments, then let me know ASAP. HOWEVER, since it's clear there will be an automatic add-on within less than 60 days after funding, I wouldn't entertain funding companies that bang you on renewal commissions.

[isaaccooper]

We can do it, call me 212-222-9514 sam@greenfundny.com

[FinancialSwissArmyKnife]

We can do it, call me 212-222-9514 sam@greenfundny.com

Stop. No one believes you

[FinancialSwissArmyKnife]

1st thing to understand: Hotel has not rented rooms this month.

10 months in business
Was operating with partial cash going directly towards renovations, not even deposited into the bank account.
ADR report shows $46K/mo easy prior to September.
This is off about 45 rooms. Hotel has 80 rooms total.
Bank statements show $31K/mo over last 2 months.
Credit is in mid to high 700s.
Merchant plans to reopen in exactly 10 days but would like funding immediately in order to operate all 80 rooms instead of just 45 currently usable.

If you believe you are able to fund this deal even on a starter offer with deferred payments, then let me know ASAP. HOWEVER, since it's clear there will be an automatic add-on within less than 60 days after funding, I wouldn't entertain funding companies that bang you on renewal commissions.

Go to SmartBiz They will give him a good offer

[sigmundpannu]

Go to SmartBiz They will give him a good offer

Smartbiz isn’t a home for 10 months TIB

[WestCoastFunding]

This may be a credit card (unsecured loc) play.

[RichardGerard]

Red Fox Capital might like the deal and fund swiftly after title. Other BANKS FOCUS on Real Estate (United Midwest up to 2.5M very competitive on Hotels/Pacific Western Bank likes Bed and Breakfasts etc.).

Likely play so late in the game is an advance- then find the right partner. Kind of what we do.

Reach out to Jared, our Partnership Director, for assistance on Bank deals if your focus is more on immediate working Capital transactions.

Jared@bccusa.com or mobile 435-513-9010

RG

Business Capital Consultants USA
3237 Route 112 Suite 9
Medford, NY 11763
Office- 631-880-7501

www.bccusa.com

[FinancialSwissArmyKnife]

Smartbiz isn’t a home for 10 months TIB

Totally didn't even see this

[Jstarr]

Is it a flagged hotel? does he have any debt on the real estate? what state?

Call me.

[Fundyman]

Thanks, guys.