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Updated 11 months ago on . Most recent reply

Devarshi Amin's profile image
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Devarshi Amin
  • Member since Mar 3, 2024
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Devarshi Amin's profile image
Devarshi Amin's profile image
Devarshi Amin
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Devarshi Amin
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Buying & Selling Real Estate

Hotel seller financing

Devarshi Amin
Posted

My uncle wants to sell me his motel. He is ready to finance it with 100k down which I have. Motel value is 1.2m. But it requires some renovation and i am looking for funds because he cannot finance renovation cost. If I get him 500k extra he said he will do it. What are my options? He is willing to be second position. But will a lender finance ? It is an independent 50 room hotel and I want to make it a franchise hotel which will bring in way more revenue then what we have now.

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