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09-27-2016, 08:17 PM #1
- Join Date
- Dec 2015
- Posts
- 55
need a direct lender for a 300k+ deal for a hotel *direct lender only*
Owners and main headquarters are in California, hotel is in Wyoming doing 400k+ a month.
One of the owners has a 5M judgement from Pueblo Bank from another private equity group he was working with in 2009. After the housing bubble they walked away from the hotel. The bank has been sold a few times since the judgement was filed and there has not been any talks or attempts to collect for 5 years now.
Recently acquired a liquor license, they are looking to build out a lounge and high end bar in the hotel.
Need to fund by Friday.
They are looking for 6 - 12 month term with an early payoff addendum.
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