Finance the Purchase of Hotel with Projections in South Carolina
The closing of the Sleep Inn in South
Carolina is another completed 7a
project that worth attention. In majority of today's acquisitions or
even refinances, sellers/owners list a number of personal expenses,
exceptional non-recurring charges, and expenses related to other
businesses owned by the sellers/owners. In general, lenders do
accommodate limited add-backs that are provable, unambiguous, and
transparent. Payroll or checks made to the owners and owner's family
members or to the owner's other businesses are justified and provable.
Professional fees such as legal fees, gas and transportation,
commingled expenses for other hotels, etc. will probably be vague and
hard to prove. The goal then is to focus on minimum number of
larger more direct and provable add backs to measure the cash flow.
What Our Client Thinks of Us
Hello Ramin ,
I would like to thank you for helping us getting financing through SBA.
Getting financing for Hotel acquisition in times like this is very
tough, but with your knowledge and hard work you made it possible for
us. Thanks again we really appreciate all that you have done for us and
staying on top of everything even small things like inspections and
getting involved and making sure its done correctly for us. We really
liked the way you communicate with Bank, sba representative and
franchise on our behalf. During this process the way you guided us on
every step made us beleive in you. We again thank you for getting us
financing in the appropriate time frame which you had mentioned to us
from begining. We will definately recommend you if some one needs help
in getting financing. In future if we ever need help in getting
financing, we will surely contact you.
A major differentiator between us and the others is the loyalty of our clients. Here are the other hotels that we
financed for this client not to mention a number of referrals that we have received from him.
|| Purchase of Holiday Inn Express of Stephens City, VA
| Purchase of the Super8 of Lebanon, Virginia
|| Purchase of Super8 of Norton, Virginia
|| Purchase of Super8 of Claypool, Virginia
|| Purchase of Holiday Inn Express of Claypool, Virginia
|| Refinance of Super8 of Lynchburg, Virginia
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