Anyone know if a non recourse loan is available for $3.8 million loan on a hotel. Freddie Mac or Fannie Mae?
Most likely if it's a bridge loan
@Ed Emmons ..CMBS maybe but that's going to be a small loan. I've never seen Fannie/Freddie for hotel. You find what you're looking for? What's the plan? Where's the property? How much down payment? Need more details.
I’m going to just be a money partner rather than operating partner. He is going SBA route, 10-15% down, 4%, fixed 25 yrs.