This was an SBA 7a purchase loan for the acquisition of a Travelodge property. The challenge on this deal was a first time buyer. We worked with the lender and showed that the buyer had some degree of industry experience of a year of hotel management. The buyer also had other family in the area that could provide hotel management consolation as well.

Client comments:

“Shawn was very helpful and we learned a lot from him in the process as first time buyers. Shawn helped with everything from the franchise process, to finding survey working with title, and the bank. Also we closed the deal on time even though we had a tight closing deadline. It was a pleasure working with Shawn and I look forward to working with him on my next deal in the future.”

 

Nishant Patel – Owner