Results 1 to 2 of 2
-
11-01-2023, 05:48 PM #1
- Join Date
- Oct 2023
- Posts
- 7
Seeking funding for hotel
SEEKING FUNDING FOR HOTEL
Seeking USD$740M loan for a hotel chain refinance?
Right now Client needs $740M. His properties are valued at $1.14B
We are looking for refinancing for (90) of our 171 strong performing flagged hotels in the US.
A summary and financials can be attached for your review if this is in your business parameters.
This is an existing flagged hotel portfolio, therefore permits and feasibility studies do not apply.
If additional information is required please forward your list.
Please let me know if you have any questions.
$1,140,000,000.00 (Value)
$740,000,000.000 USD is needed.
25 year term (AMM) loan is requested.
$242,400,000.00 (Gross Revenue)
$124,000,000.00 (EBITDA)
16.7% ROI
LTV: 63%
DSR: 3.5
APEX CASH ADVANCE, LLC
WEB SITE: WWW.APEXCASHADVANCE.COM
EMAIL: INFO@APEXCASHADVANCE.COM
TEL. +1 307 461 9847
MAILING ADDRESS: 1309 Coffeen Avenue STE 1200 Sheridan, Wyoming 82801
www.linkedin.com/in/madeline-toribio-608126254
-
11-01-2023, 06:10 PM #2
You just sent this to me....I need a package.
Typicallyi:
Executive summary
Business plan
Use of funds (balloon coming due)?
Financials
Star Reports
etc.
You should post up the client wants 6% rate.
Good luck with that.
Hotel rate card on a 10 year fixed 25/30 amortization is 7.34% - 7.59%Last edited by Olderguy; 11-01-2023 at 10:57 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
Similar Threads
-
I have a 911 acre resort development hotel/project that needs funding or a buyer..
By triumphsolutionsllc in forum Deal BinReplies: 2Last Post: 09-22-2021, 02:12 PM -
Seeking direct lender for hotel resort development project in Costa Rica 33,000,000
By Richierichard in forum Deal BinReplies: 1Last Post: 09-06-2017, 09:13 PM -
Seeking a direct lender who has funded Costa Rica Hotel Resorts before
By Richierichard in forum Deal BinReplies: 0Last Post: 08-25-2017, 06:48 PM -
PR Hotel
By joannabeans in forum All Other LendingReplies: 1Last Post: 06-13-2017, 01:27 PM -
Hotel Doing $11,000/month from rental income, Looking for funding. 720 FICO
By Fundyman in forum Deal BinReplies: 5Last Post: 11-05-2015, 04:08 PM