$1,615,000 Purchase of Best Western
This was for the purchase of a Best Western. The challenge on this deal was that we only had the most recent tax year in 2015 reflecting adequate net operating income for debt service. We were able to convince the bank that the buyer would continue and improve the business based upon his great experience.
Client Comments:
“Shawn is a true professional and he was a pleasure to work with on my recent purchase. He worked diligently to find me a great rate with an aggressive bank. He helped guide me through the entire process. He was there to answer questions, to recommend other needed professionals such as a surveyor and an insurance agent. Also, he was very familiar with the Best Western process and assisted me with the application process as well. I’m definitely working with Shawn on my next deal and I would strongly recommend him to anyone in need of hotel financing.”