Looking for general thoughts/advice on realistic chances of getting this deal funded through SBA or other loan structure allowing for new independent hotel construction and a high LTV in the range of 80-90%:I am a principal with 20 years of experience running an independent hotel but no development experience although I have the right team in place in terms of Architects/GC's/Engineers/Designers etc and a great location with proven demandSolid performance, track record and high ranking on travel sites for current propertyDeveloping a small 31 room boutique hotel (economy/limited service concept interior corridor) on site of current hotelOlder property in need of full tear down as life span is coming to end (built in 50's)Looking to do a full tear down and rebuild with a total project cost of $3.6mm including EVERYTHING - demo, construction, FF&E, entitlements, permits, impact fees, etc.

However the property is located close an impacted water body and over the course of the next 2 to 3 years there is a study being conducted to determine if the septic systems in my area are contributing to the pollution of the river.

It's a big truck dealership with parts, service, sales, body shop, leasing, the full works.

For the REIs and realtors in Houston, have you noticed, or do you know if the market values for the areas and neighborhoods where homes that were flooded were negatively affected?  Area's like the Galleria, Meyerland,...

Can't say how it impacts what they think of you but I like to think it makes them remember you a bit longer.

Assuming they are reporting to your credit report.In addition, because a home equity line of credit is a revolving debt your loan balance to high limit can have a negative impact down the road with your credit score.To answer your question directly it would have an impact on your DTI (debt to income) ratios on your loan application and potentially an impact on your credit score after you close.

If you have to make a grouping election to satisfy the material participation test, then that can impact your ability to deduct the suspended losses.

I've only been involved in one pool install, and I let my pool contractor direct me, we used tinted marcite for the body, tinted concrete instead of tile for the border, and a concrete pool deck.

Thanks for your kind words Igor,I have pulled back a touch and trying to work a bit smarter now and buy back my time.One can only sacrifice so much until your body tells you to STOPThanks and keep the dream alive :)

I don't know how using a VA loan will impact your ability to use the rent on your current property as income, but I have been able to do it on non-VA loans.