Motel financing - Posted by david fuller

Posted by Don Dion on June 23, 2003 at 15:37:09:

Is it currently running or was it shut down in the foreclosure? Does the buyer have any experience in managing a motel? Do you have the financials on the property for the past 2 yrs and the trailing 12 months statements?

Motel financing - Posted by david fuller

Posted by david fuller on June 23, 2003 at 12:56:52:

Have a client who has contracted to purchase a foreclosed motel. Appraisal is $3.3 million, purchase price is $2.4 million. Buyer needs $1.8 million loan to complete purchase. Banks not interested. Property is located in eastern North Carolina along major interstate. Is a major flag. Any ideas for local lending?

Re: Motel financing - Posted by Manny

Posted by Manny on July 01, 2003 at 18:07:56:

David

Contact me directly. I can help your client with this deal

Manny
jmcprops@optonline.net

Re: Motel financing private lender - Posted by Frandyco

Posted by Frandyco on June 29, 2003 at 16:52:52:

Contact me, I might have some one to help your client.

Frandyco

Re: Motel financing - Posted by James Strange

Posted by James Strange on June 23, 2003 at 17:58:43:

Are they put down money or is the seller doing a cary back?

James Strange