Financing options for a small motel

[Daniel Jenkins]

Hi BP family!! I am looking at a small (15 unit motel) in Atlanta. It needs $250k-$400k rehab. Purchase price likely around $750k so all in basis of around $1.3m.

While I have been working in hotel development and and investment as a day job for years for a company, this is my first acquisition for myself.

I would really appreciate any advice or thoughts on what financing options might be available and what could be best way to go about this? What kind of LTC/LTV could I get? Are there non-recourse loan products available?

Thanks so much for any help and guidance.

Dan