$4.70M HOTEL ACQUISITION

PROJECT DETAILS

Client came to V³ Lending after submitting the win bid on Auction.com for Hampton Inn Hotel in the Orlando, FL area. With only 30 days to close and 1 year in historical financials on the hotel, V³ Lending was able to originate a conventional loan at 3.20% fixed for 7 years with only a 25% cash injection. By being able to originate a conventional loan in 30 days, V³ Lending saved the client a tremendous amount of time and money than if they went through a bridge lender route.