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positivefrank
89 Posts |
 Posted - 02/01/2008 : 11:52:39 AM
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| i need 75% for 6.7mil. on a Ramada Flag in Florida. Please help. |
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coopercash
2714 Posts |
Posted - 02/01/2008 : 11:58:02 AM
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Frank... how long a franchise term does the Ramada flag have to run before renewal?
What is the average annual occupancy rate? With NEW debt service will the property show a DSCR of at least 1:15?
Please send email Executive Summary to include answers to the above questions. |
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walding714
379 Posts |
Posted - 02/01/2008 : 1:02:02 PM
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I can help you, we have a lender that likes to work with chain hotels.
walding714@yahoo.com
quote:
Originally posted by positivefrank
i need 75% for 6.7mil. on a Ramada Flag in Florida. Please help.
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Commercial29
2 Posts |
Posted - 02/01/2008 : 2:58:55 PM
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We closed over 200 hotel transactions nationwide and we can help you.
Yatin@enterpriseamericainc.com
214-855-6678
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ComLender
1266 Posts |
Posted - 02/01/2008 : 4:28:13 PM
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Frank,
Call me directly or send me an e-mail with more details and let's see if this might work. |
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EMScommercial
5138 Posts |
Posted - 02/01/2008 : 4:49:04 PM
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The ltv shouldn't be a problem.... We have BIG sources that LOVE flagged hotels... and will go at least to 75% ltv....
Our network of over 275 commercial funding sources which we are direct brokers for (lenders, banks, private money, hedge funds, insurance companies, etc.) - NATIONWIDE ... and Beyond!!! - could be just what you need for such a deal..... (the number changes regularly - adding and removing to meet our clients' needs) to our database.....
We do all the legwork - finding the lenders interested and getting the documents to them.... receiving the letters of intent and organizing them in sensible order for your clients..... we should work together on your deals.... let's talk!
** We issue a mutual NCND to protect both sides!! **
We currently have 183 lending sources for this type of property in our internal database! This will help us find just the right loan for your client!!
Please contact me asap so we can get this taken care of! Just a note... if you call and I am not available at that time to talk, any one of my highly trained account managers can help you as well.
Thank you... |
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cfuelling
217 Posts |
Posted - 02/01/2008 : 4:50:48 PM
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I did a search on www.theloanpost.com for commercial lenders that do Hotels/Motels and came up with 20+ Copy and paste the link below to see...
http://www.theloanpost.com/suggLenders.php?len=3,4,1,5&st=&niche=292 |
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swmsn
4205 Posts |
Posted - 02/01/2008 : 7:30:37 PM
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Ltv, and loan amount are good for a Flagged Hotel. DSCR will be your only concern as long as credit is good more than likely. Your rates should be 6% - 7%'s. Thats where a lot of these deals that are strong right now. Email me and I'll give you a list of docs needed to see to figure DSCR, strength, and weaknesses in the deal. They key for you will be speed. If I'm not your guy whoever you go to make sure they work quick to get this deal off the streets, ( You're always being shopped )
I look fwd to hearing from you. |
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kenvphan
452 Posts |
Posted - 02/04/2008 : 12:43:10 PM
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Hotels all day flagged, unflagged. Contact me to discuss.
Everbank is a FDIC insured financial services institution. We provide financing throughout the United States for the small to large businesses. For the best rates and terms on the market today, please contact me at anytime for our most recent rate sheets and specials.
Ken Phan
877-585-FUND x153 Office
415-595-3968 Direct
415-962-0662 eFax
ken.phan@everbank.com
www.everbank.com
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mike@AJTM
21 Posts |
Posted - 02/04/2008 : 12:49:00 PM
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We would be interested in this. We provide financing nationwide for all types of commercial property. Commercial Option Arm for selected properties. Business loans with or without real estate. Prime rates and Hard Money available, New Construction. LTV as high as 90% CLTV 100% deal per deal basis. All property types considered. Stated programs available. Acquisition & Development High LTV’s Email me a summary or contact me at the number below.
Michael Anthony
New Business Dev. Officer
800-757-9806
561-431-6433 Fax
Michael@ajtmfinancial.com
www.ajtmfinancial.com
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Mark_GMC
579 Posts |
Posted - 02/04/2008 : 2:09:07 PM
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GMC has recently expanded it commercial programs and now offers:
CONVENTIONAL, SMALL BALANCE, and HARD MONEY Commercial Programs.
We offer loans from $150k to $10M+ and can lend to all FICO scores and most property types, depending on which program your scenario fits into.
Please feel free to take a look at our latest commercial flyer at http://www.gmcmortgagecapital.com/docs/MS/GMC-Commercial-Flyer.jpg
If you have a scenario to present, we offer a QUICK solution at http://commercial-ms.gmcmortgagecapital.com This only takes about 60 seconds to complete and our commercial desk will get back with you quickly as to which program best fits your scenario's needs.
Please feel free to contact us directly at (954) 332-3567 x201 if you prefer. We're more than happy to give you an honest, straight forward conversation concerning your deal and our ability to get it done. We look forward to speaking with you soon! |
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INTEGRITY FINANC
646 Posts |
Posted - 02/04/2008 : 8:53:27 PM
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I can help you with your Commercial Loan!
Email your 1008, 1003 and credit report to psadhu@ifgloans.com for pricing.
Integrity Financial Group is a Nationwide Commercial Lender, Integrity currently has a Residential / Commercial Hard money Program in California only.
Patrick Sadhu
Wholesale Account Executive
INTEGRITY FINANCIAL GROUP
Tel. 916-343-7559
Fax. 916-409-0753
Email: psadhu@ifgloans.com
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Commercial29
2 Posts |
Posted - 02/06/2008 : 11:10:32 AM
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Anyone can give you term sheet and promise to close the deal for you. Ask them for recently closed hotel deals and references of owners. You will know who can do the deal.
Yatin Bhakta
214-855-6678
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nbrunette
349 Posts |
Posted - 03/30/2008 : 2:34:24 PM
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I can also help you with this deal....but first I need more information on the deal itself and the borrower.... Call me and lets see what we can do for you!
Thank you
Nissa Brunette
Wholesale Account Rep
Amerlender Financial
303-755-5421 direct
nissa@amerelender.com
www.amerlender.com |
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rodney44
22 Posts |
Posted - 03/30/2008 : 4:10:35 PM
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Frank,
I just wanted to know if this was a refi or a purchase of the hotel? Also, what is the NOI for the property as well, these are vital pieces of info that are needed in order for any lender to be able to give you a honest quote or idea if they can do teh loan or not. We are direct lenders with an appetite for limites use properties to include hospitality. Our current PAR rates for this type of property would be in the high 7's to low 8's at PAR if you are interested in a refinance or a non-SBA purchase.
Rodney Brown
Acct. Executive
REM Capital Group
rodney@remcapitalfunding.com
321-213-1009 Direct |
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