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Commercial Post Detail
Purchase-flip-Hotels 6/11/2019 9:57:22 PM  Broker Location: NV/89113 Hard Money/CA/
PostID: 42439     Status: Open  
Loan Info:  
Amount $12,500,000 
Appraised Value  
LTV  
DSCR  
Loan Term  
Loan Amortization  
Product Type 5 Yr Interest Only 
Property Type Hospitality (motel/hotel) 
Purpose Joint venture 
Doc Type  
Borrower FICO  
Borrower DTI  
General Notes: Have 100 plus branded hotel in San Diego -sea world area-Motivated seller taking a loss and our gain-Does 3.5 million revenue-Can get it at 80k per room and is worth 14m-getting it for a quick sell and need the extra to renovate-Lokking for assett based loan 100% ltv-seeking investors to help in this venture and others. I have 35 plus years in operations
 Replies: 3 
Name: Ralph Abbott Phone: 614-484-7060 6/14/2019 6:00:25 AM
Company: Prospera Advisory Group Email: rabbott@prosperag.com  
Unfortunately, this deal does not fit our box. Send me your contact information and I will send you our loan programs.
 
Name: Robert N. Tudor Phone: 714-908-5276 6/14/2019 10:32:25 AM
Company: Fidelity Bancorp Funding Email: rtudor@fbfloans.com    
While not on the JV side, Fidelity can provide a 75% LTV 1st TD tied directly to the real estate itself, requiring less capital to be raised on the investor's side to close the purchase. Our bridge product is interest-only and short term, happy to discuss! -Robert (Nationwide Lender) (714) 908-5276 Commercial | Multifamily | SBA | Bridge | Residential
 
Name: Darin Young Phone: 888-950-9339 6/14/2019 3:19:43 PM
Company: Popular Commercial Lending Group Email: dyoung@popularcommercial.com  
We may consider debt and JV equity....please forward a package.
 
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