Financing in Seattle>Question Details

ramona.cerna…, Other/Just Looking in Seattle, WA

How do i finance a hotel ? what are the proportions debt to equity, how many mortgages should i have to be most convenient, over how many years, etc?

Asked by ramona.cernahoschi, Seattle, WA Sat May 18, 2013

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I can help you with that if you want some help. Your down payment will be at least 20% but will probably be more. It will depend on what the books for the hotel look like. I am both a commercial real estate broker & a loan officer. Please contact me directly.

Good luck to you in any case,
Jirius Isaac
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
Winner of Seattle Magazines 5 Star
Real Estate Agent Best in Client Satisfaction Award
Mortgage Loan Originator Best in Client Satisfaction
Web Reference: http://TriStarFinance.com
0 votes Thank Flag Link Sat May 18, 2013
You need a commercial lender. Commercial lending, like residential lending, has changed post-financial meltdown. It's more challenging to qualify for a commercial loan. If you need a referral to a competent commercial lender, feel free to get in touch with me.
0 votes Thank Flag Link Sat May 18, 2013
I have a fantastic lender in Lake Union who can help you. Give me a call and I will set you two up. He's fast, diligent, and attached to a great and reputable bank!
0 votes Thank Flag Link Sat May 18, 2013
commercial loan is what is needed ( much different than home loans )....terms are not as standardized .....begin contacting bigger banks and commercial real est firms for advice......contact other similar type hotels for advice
0 votes Thank Flag Link Sat May 18, 2013
Big question, check out: http://realestateguysradio.com/, listen to the last 6 months of their pod cast and go join your city's local RE Investment club.

Best of Luck
Web Reference: http://www.GetSoldOKC.com
0 votes Thank Flag Link Sat May 18, 2013
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