$3.75M HOTEL ACQUISITION

$3.75M HOTEL ACQUISITION
$3.75M HOTEL ACQUISITION

$3.75M HOTEL ACQUISITION
$3.75M HOTEL ACQUISITION

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PROJECT INFO

$3,750,000
Acquisition Loan
75 Room Country Inn & Suites
5% interest Rate 25 year Term and Amortization
20% Down Payment
Kentucky

PROJECT DETAILS

Client came to V³ Lending when their lender backed out of funding a $3,750,000 acquisition of a country inn and suites a week before funding. The client extended the purchase contract with the seller for an additional 45 days which was long enough for V³ Lending to secure and fund an SBA 504 acquisition loan with only a 20% down payment at 5.00% for 25 years.

Closed Transaction