Commerical Loan Details

Date: January 30, 2015
Title: $2.4MM Flagged Hotel Acquisition
Practice Type: Hotel / Motel
Loan Terms: $2,050,000 FLAGGED HOTEL ACQUISITION, 5.75% (PRIME + 2.50), 25-YEAR TERM

Scenario: An experienced hotel owner was looking to relocate and purchase a flagged economy class hotel that had recently (past 3 years) been bought out of foreclosure and turned around.

Although the hotel was lacking consistent historical financials, we saw the value in the upward trend and future potential.

Loan Proposal issued for 80% Loan To Value with $60K in working capital and covered closing costs. 5/3/1 3-Year Pre-Pay allows borrower flexibility moving forward.



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