Can a 44% LTV Deal be funded 100% by a Lender

[Account Closed]

I have this commercial deal currently and I'm looking for 100% financing or other creative ways to structure the deal. (I keep getting mixed feedback, some people say no some say yes 100% financing is possible)

Hotel/Motel

Current Appraisal $2mil

Accepted offer $900k

120 rooms

ADR $60

Occupancy 30%

Rev $700k

PIP needs to be completed with a Rehab Loan (additional loan needed)

[Steve Olafson]

I was able to get a 100% hard money loan on a similar deal.  They even loaned me money for some fixup.  It did cost more money as the lender wanted to participate in some of the upside. 

But they did this with the understanding that I had done a number of turnaround deals.  I also had my own crew for the repairs.

So, yes it is possible but may hinge on the lender's confidence in you and the project.