$1.12MM Flagged Hotel Acquisition/Turn Around

May 31, 2013
Property Type:
Hotel / Motel
Loan Scenario:
Short Sale Purchase of Ramada Inn in Ocala, FL. The hotel was bought at the height of the market in 2006 for ~$4.5MM.

Money was put into renovations. This large debt load coupled with the economic downturn led to the poor financials and negative cash flows.

Loan Terms:
$1,120,000 FLAGGED HOTEL ACQUISITION, 5.75% (PRIME + 2.50), 25-YEAR TERM

Contact one of our experienced Commercial Loan Advisors at (800) 341-6199