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can i get a loan to buy a motel worth of 1.5m if i have 200k

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Answers (4)
AUSTIN OJIMGBA
MEGA INTERNATIONAL FINANCIAL SERVICES
C.E.O
Sacramento County, CA

Hi Prince,

I closed such a scenario recently,i think i can help you with this so send me complete details for my evaluation on this email:c.e.o_megainternational@zoho.com

May 6, 2011
John Kopalchick
Fundamentum Capital LLC
Executive Director
Harris County, TX

George,

Yes we can do the deal. We work with several debt and equity funds. Genrally, with 10% down (cash equity in the project) and collateral, ability to service debt with revenue, we can do the deal.

Please call me
John Kopalchick | Executive Director
713 502 9287

May 6, 2011
Yogendra (Yogi) Sandesara
BBN & ASSOCIATES, INC- MCFS
Consultant/ Director/Broker Network
Harris County, TX

George,
Our Lender are very aggressive for Hotel-Motel funding. Depending of cash flow of the Hotel-Motel. Updated Franchise? Credit history and worthiness. If you are interested give us call email.
Best Regards.

May 5, 2011
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The BAF Group LLC
MD

It would be tough, because Banks are not lending for Motels with any enthusiasm. It will depend on your Credit Worthiness, the history of the Revenue/Profit trends, the overal Profit of the current Operation and the value of the Real Estate. Moreover, is it a flagged property, and if so, what is the PIP that the brand will demand of the new Buyer? VERY key issue, particularly right now. If you want to call and talk it over, please do so. I am available much of tomorrow.

May 5, 2011

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