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Commercial Post Detail
Las Vegas Boutique Hotel 3/20/2017 1:48:25 PM  Broker Location: FL/33932 Commercial/NV/89109
PostID: 39700     Status: Open  
Loan Info:  
Amount $2,500,000 
Appraised Value $3,500,000 
LTV 75% 
DSCR  
Loan Term  
Loan Amortization  
Product Type SBA 
Property Type Hospitality (motel/hotel) 
Purpose Other 
Doc Type Full Doc 
Borrower FICO 775 
Borrower DTI  
Keywords: Las Vegas, Hotel, SBA Loan
General Notes: Borrower bought hotel on a lease/option. Hotel is not currently operating as borrower is fixing up. The purchase price is $2.6 Million and he is doing $850K in property improvements. Guarantor has great cash flow from other businesses. He has $1.3 Million into property now. He has hired an experienced Manager to assist with running the hotel once complete. This is a projection only loan as the hotel had been closed for 2 years prior to the borrower purchasing. We have a full file on this deal. DIRECT SBA LENDERS ONLY
 Replies: 2 
Name: Will McCabe Phone: 310-903-4306 3/21/2017 3:06:26 PM
Company: iBorrow Email: will@iborrow.com  
Please send me more information - jeanna@iborrow.com
 
Name: Ben Dunavent Phone: 888-368-5116 10/11/2017 1:59:39 PM
Company: Riverdale Funding Email: bdunavent@riverdalefunding.com    
While I am not sure this loan will work for us, we offer creative funding options that may fit some deals that are currently on your desk. Please call me so we can chat further. Jared / Riverdale Funding / 423-389-4141
 
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