$20 Million Hotel Construction Loan Built from the Ground Up!

[Karen Schimpf]

https://buff.ly/3OQpUpD

Location: Lodi CA
TYPE: This was a good Hilton Flag hotel to s solid hotelier. He had other hotels, even one in this specific marketplace. He had good credit, good cash flow and just shy of $5 Million in Land and cash to put into the deal. Despite all that strength, despite his GC having a lot of experience in hotel construction loans, they were unable to find financing. BUT I gave them quick terms on an SBA 504 loan. There are only a couple of banks in the country still doing ground up construction loans for hotels, and I know them both. The saying in Commercial lending is it is not what you know but who…and I know who is doing what loan and I bring that knowledge to each and every deal…often for free because the bank usually pays me. IF you can have the guy closing the most loans in the country helping you on every deal for essentially no cost-why wouldn’t you embrace that? That’s what we bring to the table. Despite my speed, this borrower continued to shop and try to get other people to do the loan all the way up until 2 weeks before closing-but was not able to find anyone. BANKS HAVE TIGHTENED, it is true. But we have access to non-bank lenders, Wall Street Conduits, private money lenders and alternative lenders and we GET STUFF CLOSED. With good rates, in timely fashion. We are still doing construction loans, investor loans, and private money deals with our own private money. If you or someone you know is struggling with bank financing, give us a call. One call, does it all.
Karen Schimpf
(512) 358-1511
[email protected]

Give me a CALL TODAY at 512-358-1511.