This was an SBA 7a loan for the purchase of an independent property.  The challenge on this loan was that the buyer had absolutely zero hotel experience.  Additionally, the property was an independent property.  It is generally quite difficult to find the right lender to do these types of properties.  Lastly, the buyers had a very low rate expectation.  We were able to convey the positives of the deal to the bank and mitigate the buyer’s lack of hotel industry experience.  We were able to find the buyers the right lender to do the deal for them at a great rate!

Client Comments:

“Shawn was great to work with on our very first hotel purchase.  He was always available and helped navigate us through the entire process from beginning to the end.  He explained every step of the process to us as we went along.  We felt very comfortable and informed the entire time.  He was able to close the loan for us at a great rate too! It was a great pleasure to work with Shawn and I would definitely refer him to anyone seeking SBA loan.”

ESP, Inc.