This was an SBA 7(a) Pari Passu loan.  A Pari Passu loan is part SBA 7(a) and part conventional loan as a single shared loan. This loan structure is very creative and hard to get done.  It was necessary because the buyer did not have enough room in SBA loan loan eligibility since he already had an existing SBA 7(a) loan.  However, because of HBC’s SBA expertise and excellent bank contacts we were able to get it done in only 38 days!

Client Comments:

“Shawn is an expert in the field of hotel financing.  He was honest and very hard working.  He was always there to answer any questions I had.  His knowledge of the process was critical in keeping us ahead of schedule. We were able to close on the purchase amazingly in only 38 days.  The loan was also very creative.  It was called an SBA 7a Pari Passu loan.  These are very hard to get.  However, with his knowledge and great bank contacts we were able to get it done.  I will definitely be using him again in the future. .”

Vic Patel – Franchise Hotel Owner