I'm looking for any Lenders that can do financing on a Hotel property in out of receivership.
Details: 5 million in non recourse financing for a 65 room Boutique Hotel in the city of Biwabik, MN.
This is a very small town in Northern Minnesota, near Virginia, MN (the address is in fact Biwabik though).
My name is Alan Malicse and I am the point of contact for the buyers of this property
for more information please contact me at 510-685-0459
Thank you for your time!
This is one area we have lots of experience in. Our President built and sold the 16th largest hotel chain in the country. Please see below and contact me with questions.
International Investment Banking Group up to 100% funding either debt or equity or combination worldwide! We fund based on the project strength not LTV or LTC. We are interested in the Energy, Technology, Mining, Real Estate and Business- (lines of credit, working capital, contract financing, purchase order financing, factoring, etc.) sectors. 30 year proven track record!
We offer terms that are bank rate or better. No front fees. Principals must cover third party cost prior to closing. Our market is domestic and international. Replies private or contact me directly. We will need an executive summary with proforma or actual income statement for 3-5 years, use of funds statement and exit strategy showing timeline for repayment along with bio/resume of Principal and their team.
We provide funding for the borrower’s capital request in the form of debt, equity or a combination and allow all documented expense and fees paid by the borrower to be stacked on top of the funds requested. We can offer a moratorium on payments until the project is stabilized and cash flowing if the timeline to stabilization is reasonable.
(The following remark is not intended to offend but stated because of so many request from those who believe that all cost can be paid from closing proceeds):
“If there are no funds available to cover project cost and principals expects the lender to pay the necessary cost to determine if the project is lendable, close and fund the project and get their expenses from the loan proceeds then no one I know of can help you.” I have 28 years experience in this industry and have never seen that happen with lenders in the US, Western Europe or anywhere else.
Ron Coleman, President
NEPCO, INC - FUNDING FOR PROJECTS AND ASSETS IN THE ENERGY, TECHNOLOGY, MINING, BUSINESS AND REAL ESTATE SECTORS 770-572-7765; firstname.lastname@example.org; nepcoinc1 -Skype
we can help how much cash do you have to add what % are you looking for
Good morning Alan, We can help you...
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Jeffrey B. Freis Associates, Inc.is a private investment bank with an active real estate finance division. Contact me for your funding needs.