$1,945,000 Purchase of Best Western
This loan was an SBA 7a purchase of a Best Western property. The challenge on this loan was meeting the deadlines imposed by the contract and seller. Also, to find a great rate and low down payment for the buyer. We were able to keep ahead of schedule throughout the entire process. We are able to do this because of our extensive underwriting backgrounds and our vast experience closing hotels. We know the entire process from start to finish in detail. This information is invaluable and allows us to make sure our clients stay ahead of schedule so we can ensure we close the deal on time in accordance with the purchase contract.
Client Comments:
“I worked with Shawn on my first purchase of a hotel. Shawn works very hard for the best for his clients. He was able to get me a real good deal with the bank. Also, he was able to help me with some of the franchise process, insurance process in addition to the standard bank process and paperwork. He really is an expert in hotel lending. I could not have got this done without him. I will definitely be working with him on my next deal!”
Jacky Patel, Franchise Hotel Owner