$3,175,000 Purchase of Suburban Ext Stay
This was an SBA 7a purchase loan that was used for the acquisition of a Suburban Extended Stay property. The challenge on this deal was the need to close in a timely fashion to meet a relatively short closing schedule along with challenging lower down payment loan structure. We were able to able to find a lender that could work through the deal and assist in closing the deal fast! We worked closely with the buyer and lender to make sure we were constantly ahead of schedule so we could ensure that the closing deadlines were met. We were able to close the deal with time to spare!
Client Comments:
“Shawn worked diligently on our part to help secure great financing for us. His bank contacts were essential and we greatly appreciated his expertise, working side by side with us, the lender, seller’s broker and agents all the way through the process. His willingness to carry the load really helped make it happen in the end. We will definitely be calling Shawn again to help with our next deal.”
Sanjay Patel, Hotel Owner