This was an SBA 7a loan that was used for the purchase of a small Travelodge hotel located in IN. The challenge on this loan was that the buyer’s had limited hotel management experience (Less than 3 years), the property was exterior corridor, the property was in a remote location and the property was very small. Many lender’s will only do hotel loans for properties that are located in major metropolitan cities and/or in the suburbs of these highly populated cities. However, the bank’s that we work with do not decline loans based upon where they are located, rather, they concern themselves with the properties historical cash flow most of all.

Client Comments:

“After talking with many lending professionals I had been let down in the end. But after talking to Shawn I got re-energized about my chances. Shawn is so dedicated, knowledgeable, confident and positive about his ability to help it is hard not to feel you are in good hands. He does not charge any money at all and is very professional. I was a first time buyer and he took the time to explain everything. Shawn lined me up with title company, land surveyors, property insurance, etc. If you need an SBA loan then do not waste your time and give Shawn.”

Malay Patel – Hotel Owner