2.75 Million Purchase & Renovation Loan – Non-flagged Hotel in Sarasota, FL

Posted by in Brian's Blog, Commercial Real Estate, Recent Closings

Brokers had been trying to get this loan closed for months.  The borrower was in jeopardy of losing the deal which he was buying under market value.  Among the trouble on the loan was the non-flag status, the poor condition of the hotel needing renovations and cash flow on the property.  The borrowers had experience and a million dollars to put into the transaction and that is all I needed to get the deal done.  We found a lender who closed it, start to finish, in two weeks!!  If you have the need for speed, we can get the loan done!