Updated about 8 years ago on . Most recent reply
Hotel Acquisition! Lenders Needed
Asking for a friend:
"I'm getting a couple of contracts on Hotels. High cap and high cash flowing properties. Looking for the best possible LTV. Lenders who can close quickly. I want to build a long-term relationship.
The hotels are generally turnkey but do need some minor improvements. We will keep them as hotels."
Lenders, I can connect you with the primary dealmaker if this is something you want to pursue further. I'm not sure if he's looking for private money or hard money for the acquisition, to funds for improvements, or just the longterm financing.
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What is SBA? I am not familiar with it.