For the next 6 months my company will be placing a main emphasis on Independently owned Hotels/Motels. In the commercial lingo they call it hospitality.
The two scenarios to emphasized will be Rehab/Renovation for Mom and Pop Hotels/Motels and Refinance-Cash Out.
One example of why a hotel /motel may want to refinance will be the existing loan terms. Perhaps the rate is to high but was high because the lender took a higher risk in allowing the Hotel/Motel Owner to purchase the Hotel.
Everyone should feel free to visit my website at www.mybuildingfunds.com
On the mian page I will be adding alot more information on loans for Hotels/Motels.
Please keep in mind I work on any property type since they all need one thing..MONEY!
Also, the website will be changing over the next two months since I have found that the loan process will go faster if small business owners have a list of documents they need to send me relative to their deal/property type.
All the Best for the Rest of The Summer of 2008!
Don't forget to read my referral page if you are tired of networking that COST you money!!
American Cash Solutions Inc
Commercial Lending, Consulting and Media