Help To Structure NO Money Down Deal On A Hotel

[Walter Wright]

Investor needs Help To Structure A NO Money Down Deal On An Income Producing Commercial Property

I’m looking for ideas/suggestions on how to structure a fair NO Money down deal to purchase an income producing Flagged Hotel. I will not inundate you guys with all of the property information, but I will try to provide enough details to solicit some NO Money down scenarios.

Asking Price for 409 room Flagged Hotel, 5 miles from major International airport - $10,500,000.00. Owner will carry a 3 year note for 60% of asking price at 6%.

Hotel will require about $6,000,000.00 in upgrades for rebranding.

I will obtain a loan for $20,000,000.00 to purchase and rebrand hotel.

Hotel value after rebranding, about $40 to $50 million.

The hotel currently does not perform very well because the owner is running it himself without a management company, and little to NO marketing.

If more information is needed to make a feasible NO Money Down suggestion, please email me to discuss more about the property.