This was an SBA 7a purchase for an independent property to be converted to a franchise property.  The challenges on this deal were that the owners had extremely limited hotel management experience and that the property was an independent property.  Most lenders will not even consider a prospective for the purchase of a hotel unless they have a moderate amount (1-2 years) of hotel experience.  Furthermore, lenders that do consider buyers with very limited experience will only do so if the buyers are purchasing a franchise hotel.  We were able to convince the bank that these buyers were adept businesses owners and would continue to successfully operate this already performing hotel.  We are able to get the lenders to think “outside the box” because of our underwriting backgrounds.  We are able to communicate with credit administrators seamlessly.  At HBC, our underwriting background serves as a unique advantage for us because deals that would be otherwise declined are most often approved in our favor.

Client Comments:

“As first time hotel buyers we weren’t quite sure what to expect with the loan process.  We talked with several lenders and went with Shawn because he gave us the most confidence that he would close the deal.  Shawn has relationships with a number of lenders which meant he could shop the loan to match us and the deal with the right lender.  We were able to speak quite candidly with Shawn about any challenges and he guided us through the process from start to finish.  Shawn will be our first call on our next hotel purchase.  Thank you Shawn!”

P.V., Inc.