Seeking Investor: Immediate Cash Needed for Boutique Hotel Down Payment for 2/8/2024

[Joe Shields]

Looking for a private lender to provide a line of credit or cash up to $300,000 as part of the down payment for acquiring a commercial vacation rental property. I am open to offering collateral on my current portfolio (details below). I plan to transform this property into an 18-suite boutique hotel, complete with a public bar/restaurant and a pool. Unfortunately, I'm facing a $300,000 shortfall due to a delay in the cash-out refinancing of three of my properties, which is not scheduled to close until February 26. This schedule does not align with the boutique hotel's purchase deadline of February 9, a deadline the seller refuses to extend. Can payback loan within 30-45 days.

To finance this acquisition, I've already secured a loan that covers 70% of the property's Loan-to-Value (LTV) ratio through a first lien. Additionally, I plan to contribute $550,000 of my personal funds towards the down payment. The property, currently under contract for $2,500,000, has been appraised at $3,000,000, providing $500,000 of instant equity upon closing.

Given the urgency and narrow timeframe for securing financing, I am open to negotiating terms that are more favorable to the lender, including higher points, interest rates, and a longer repayment period.

This boutique hotel, located in a prime area of Downtown Nashville, represents a lucrative investment opportunity. To give you an idea of my financial standing and experience in this industry, I manage a portfolio of 7 vacation rental properties valued at an estimated $12,000,000, with $6,500,000 in equity and generating a gross annual revenue of $1,400,000. My personal income is $200,000.

This project offers a significant opportunity for both myself and a potential lender, providing a secure investment backed by substantial equity and a proven revenue track record.

I am eager to engage in discussions and negotiations regarding the loan terms. If you are a private investor in search of a promising opportunity, or if you know someone who might be, I encourage you to get in touch. Time is critical, and I am ready to proceed with a partner who recognizes the potential of this project.

Thank you for considering this exciting opportunity.