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Updated 17 days ago on . Most recent reply

User Stats

53
Posts
26
Votes
Zachary Harrison
  • Investor
26
Votes |
53
Posts

Boutique Hotel Opportunity

Zachary Harrison
  • Investor
Posted

There is a 22 unit Boutique hotel owned by a couple in a town of about 2500 people.  It is seasonal and does most of its revenue from March-November.  I am looking at doing an SBA loan but at their asking price it would still need over 100k.  Are their any creative ways to help with the downpayment or would a partner be the only route?  All comments/advice are welcomed. 

  • Zachary Harrison
  • Most Popular Reply

    User Stats

    1,012
    Posts
    828
    Votes
    Michael K Gallagher
    #2 Commercial Real Estate Investing Contributor
    • Real Estate Agent
    • Columbus OH
    828
    Votes |
    1,012
    Posts
    Michael K Gallagher
    #2 Commercial Real Estate Investing Contributor
    • Real Estate Agent
    • Columbus OH
    Replied

    Hey @Zachary Harrison I will 1 up as they say what @Jaycee Greene has said, and that they will get a higher price with seller financing...but perhaps you make both offers anyway?  the SBA can still work but the price point is likely going to pencil way under what seller financing would allow.

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