Savvy hotel and hospitality investors have been turning to Winston Rowe & Associates for their commercial financing needs. They are a national no upfront fee full service commercial real estate finance and advisory firm with solutions for all commercial property types.
If you would like additional information about Winston Rowe & Associates, they can be reached at 248-246-2243 or check them out online at http://www.winstonrowe.com
Hotel investors seeking acquisition financing quickly discover banks are hyper concretive when it comes to financing these types of properties which means that unless the investor is planning on putting 35% down or more in cash and the hotel has a strong flag and great historical financials their only option will be either the SBA 504 or the SBA 7a loan.
Not all SBA lenders are the same and structure loans in the same way. Winston Rowe & Associates streamlines the process of an SBA loan which is no more cumbersome than any other commercial mortgage especially when you work within advisor that knows the process inside and out. With them it is very possible to close an SBA loan in 45 days. Much of the issues that caused the bad press that the SBA received have been resolved.
Generally speaking the SBA 7a is reserved for loan under $5,000,000, while the 504 can go up to $7,000,000. The SBA is a Prime plus rate which most of the time floats that offer a 5 year fixed 25 year amortization loan. The 504 program boasts long term fixed rate financing, like 5 or 10 years. However most importantly, both options provide 85% loan to cost and or loan to value financing which is becoming extremely rare in this market.
Winston Rowe & Associates has an excellent knowledge based investor resource for commercial real estate valuation and market analysis located at:
http://www.winstonrowe.com/Free_Real_Estate_Resources.html
Winston Rowe & Associates has a core focus on building long-term relationships, delivering exceptional and individualized customer service, and positioning loan products that best achieve their client?s goals. Their preemptive problem-solving approach is perfect for clients with credit and time sensitive issues.
Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243
Winston Rowe & Associates has no upfront free hotel and motel loans in the following states.
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming
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