If you need some referrals I'm happy to connect you to some loan officers who are also investors here in Knoxville. 

If you're still in the process of identifying and connecting with a QI, I'd be happy to provide a referral if you're interested. 

You could pay the contractors but if you can be a strong referral source I'm sure they'd be happy to give you estimates.

The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.

The numbers tend to work better, and you’re still close enough to keep an eye on things.As for NYC itself, deals are definitely out there, but it’s tougher.

A general range tends to be 85% to 100% covered.

Lenders tend to have different requirements.... some look for a required minimum membership interest and others look solely at direct benefit the signer receives which could be membership interest, fee etc.

Does anyone have a property manager referral?

My bank tends to have more restrictions than others, but this hopefully helps as you shop around.

Building built as multifamily tend to have more sound damping, particularily the newer the construction.