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Updated about 7 years ago on . Most recent reply

User Stats

361
Posts
296
Votes
Nathan Platter
  • Real Estate Agent
  • Minneapolis, MN
296
Votes |
361
Posts

Hotel Acquisition! Lenders Needed

Nathan Platter
  • Real Estate Agent
  • Minneapolis, MN
Posted

Asking for a friend:

"I'm getting a couple of contracts on Hotels. High cap and high cash flowing properties. Looking for the best possible LTV. Lenders who can close quickly. I want to build a long-term relationship.

The hotels are generally turnkey but do need some minor improvements. We will keep them as hotels."

Lenders, I can connect you with the primary dealmaker if this is something you want to pursue further. I'm not sure if he's looking for private money or hard money for the acquisition, to funds for improvements, or just the longterm financing.

Most Popular Reply

User Stats

464
Posts
179
Votes
Patrice Penda
  • Investor
  • Hoboken, NJ
179
Votes |
464
Posts
Patrice Penda
  • Investor
  • Hoboken, NJ
Replied

What is SBA? I am not familiar with it.

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