$2,050,000 Purchase of a Comfort Suites
This was an SBA 7a purchase loan that was used to purchase a Comfort Suites property. The challenge on this deal was that we had a lot of pressure for deadlines that were applied by the seller. We were able to talk with the seller and walk him through the necessity for him to do the things requested so that we could close the loan. Ultimately, the seller became cooperative and we were able to get the loan closed for the buyer.
Client Comments:
“Shawn was a true professional the whole entire way through the process. Shawn was always very fast in responding to any items the bank needed or that we need to complete. He was very knowledgeable and he helped me in so many ways to make this deadline. I am an experienced owner and I have worked with many lenders and brokers in the past and Shawn by far is the best I have seen! I will definitely be working with Shawn again and I will recommend him to anybody I know that his looking for a hotel loan.”
Bob Patel – Franchise Hotel Owner