Loan amount
$3,200,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$3,600,000
{PP:$3,200,000}
LTV
89%
{LTV}
Property type
Hotel
Borrower Details
Credit score
669
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Halbrook
State
Arizona
Loan Details
Purchase price
$3,200,000
Down payment
$0
Additional Loan Information
My project consists of starting off by purchasing this branded hotel.
Upgrade outside and inside with dated equipment and furnishings.
Upgrade tech in rooms for charging and entertainment. Upgrade lobby tech to modern age.
utilizing (Go Green) solar power with battery backup for Hybrid power or complete green power. Also was planning on contracting for Solar EV chargers. Bringing in more revenue with both cases.
Later plans to bring EV , Self-drive,E Bikes,E scooters, to that Guests can add to reservations for two or more day stays.
Everything together should increase the value of property 9 to 10 x in market if needing out.
I know this will work and plan on creating more Hotels like it in the USA. One Day maybe global. I hope one of you lenders would be willing finance 100% with hotel as collateral.
Thank you ahead of time for your approval of funds.
Raw Hotel Hospitality LLC is willing to lead the hotel industry into the now just need your money.
Upgrade outside and inside with dated equipment and furnishings.
Upgrade tech in rooms for charging and entertainment. Upgrade lobby tech to modern age.
utilizing (Go Green) solar power with battery backup for Hybrid power or complete green power. Also was planning on contracting for Solar EV chargers. Bringing in more revenue with both cases.
Later plans to bring EV , Self-drive,E Bikes,E scooters, to that Guests can add to reservations for two or more day stays.
Everything together should increase the value of property 9 to 10 x in market if needing out.
I know this will work and plan on creating more Hotels like it in the USA. One Day maybe global. I hope one of you lenders would be willing finance 100% with hotel as collateral.
Thank you ahead of time for your approval of funds.
Raw Hotel Hospitality LLC is willing to lead the hotel industry into the now just need your money.
Status
Closed
Created
August 31, 2023 - 12:53pm
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