This was an SBA 7(a) loan used for the acquisition of a franchise Travelodge. The challenge on this deal is that the buyer wanted to have the lowest down payment possible. Fortunately, the seller was able to provide a very recent appraisal conducted on the property. This appraisal was very strong and had an appraisal valuation that greatly exceeded the purchase price. We were able to provide the bank with a copy of that existing appraisal and the bank reviewed and accepted it. The bank was willing to do a loan that was 93% of the purchase price. This significantly decreased the buyer’s down payment requirement.

Client Comments:

“Shawn has been a critical part of my hotel brokerage business. I consistently rely on his professional opinion when qualifying potential investors. His ability to guide first time buyers through the purchase process makes him an invaluable piece to my professional success. We recently worked on a purchase together where the buyer amazingly only had to put down 7%.”

Skyler Cooper – Marcus & Millichap National Hotel Group