3 year Financial Partner for 2M and 3M Bed and Breakfasts

[John C.]

I own 100 buildings, most of which are 1-4 units. Many of them are encumbered by a low ltv loan to a friend who helped me get started. I've agreed not to pay him back for 5 years.

I also own a few bed and breakfasts and million dollar STRs.

I am looking at acquiring two bed and breakfasts whose prior owners did not keep good records or shut down because of Covid. 2M and 3M sale prices. I know I can acquire them, get them running well, and SBA 504 refinance them in 3 years. Banks are saying no to me on initial acquisition. I am looking to find a low doc capital source to acquire them with a three balloon. I can bring about 100k for each deal to the table and some second positions on my other properties.

How would I go about finding someone to partner on these?

[Brandon Croucier]

A Cross Collateralization loan would be the way to get this done, since you have a lot of equity, you may not even need to bring any cash to the table on this