Valuation Question

[Chris Bown]

Good Morning! Let’s say there is a non flagged hotel that has a history of netting enough for a DCR of over 3.4. A new Buyer purchases this such that the DCR stays the same. Is there room for the new Buyer to refi such property and take cash out?

[Alain Bwabrey]

I can do 90 days after purchase but the LTV for cash out refi is 65% 

Do you want to do it with us?: www.glinfico.com or you can email at [e-mail]

[Michele Brown]

Most likely not until he has a history under his belt with the new acquisition.  In my realm of financing at least.. SBA 7a