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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% 
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: 1 
Name: Will McCabe Phone: 310-903-4306 3/21/2017 3:06:26 PM
Company: iBorrow Email:  
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