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04-06-2017, 10:09 AM #1
- Join Date
- Mar 2017
- Location
- Amherst, NY
- Posts
- 8
Need FF&E refi for hotel group
I have a client that has 3 hotels, all seasonal in tourist area; looking for refi to FF&E loan by Marriott. They're an Indian family and has common ownership, been in business 30 years. Solid assets but due to seasonal nature of locations has low cash flow recent history (last 5 months) but great long term sustainability. Anyone want to take a shot at trying to underwrite who has experience in similar deals? $750,000 is current note from Courtyard Marriott location.
Adam
7162029111
amarch@valmarfunding.com
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