This was an SBA 7a purchase loan that was used for the acquisition of a Best Western Plus property.  The challenge on this particular transaction was that the buyer did not have any direct industry experience.  However, the buyer had transferable experience in the form of being a very successful real estate property owner.  We were able to convince the bank that the buyer is well versed in real estate ownership and would be an excellent operator of the subject hotel property.  The bank ultimately got on board with the transaction and we were able to close the deal under 60 days.

Client Comments:

“Shawn was instrumental in working with us on a recent hotel purchase. As a first time buyer
Shawn went above and beyond the call of duty to secure a lender coupled with providing impeccable support and service to us throughout the application to the closing process. There is no question that we highly recommended Shawn and his services to anyone seeking an SBA loan and hope to be a repeat customer in the near future.”

Eninanc, Inc., Franchise Hotel Owner