Loan amount
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$1,200,000 {PP:$1,450,000}
121% {LTV}
Property type
Borrower Details
Credit score
Deal experience
This loan scenario was submitted by a Broker
Property Details
Loan Details
Purchase price
Down payment
Additional Loan Information
I'm attempting to obtain a historical Hotel Listed for $1,450,000 with $671,000 in Annual Net Profit after administrative fees the owner has health issues and wants to sell the business asap and offers assistance in helping run the business part-time. The hotel is a 40,000 sf building with 22 guest rooms all with on-suite bathrooms, full linens, and in house laundry facilities. Three bars, dining areas, meeting rooms, reception area, gift shop/tea room and lounges with gas fireplaces. 3000sf modern kitchen addition built 1986 with speakeasy below. Full on/off ABC license and current health department inspections. Exterior brick patio with wedding / event/ party log barn. Modern 480V and public gas water and sewer service. All furnishings, equipment, silverware and antiques convey. I am willing to pay 80% of net profits for 60 Months. Which would be $2,683,999.8 if current net profits stay consistent. After the terms I will also give 20% ownership of the Business with monthly Dividends of 20% of net profit with the option to sell me back your share of the business. At the moment I'm in contact with the owner.
November 26, 2023 - 7:09am

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