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  1. #1

    Cool 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

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
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    2,244

    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


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