Avatar's Blog
» Hard Money Financing For Hotels
Posted on 4/18/2005
Posted in Miscellaneous
Hard money lenders, Avatar included, look for these critical pieces when funding hotels, motels. etc.:
- Does the loan make sense for the borrower?
- How will the borrower make the monthly payments?
- What is the gross income from the property?
- What are the expenses?
- What is the net operating income (NOI)?
- Does the loan make sense for Avatar?
- What is the appraised value of the property?
- How much would the property sell for in a quick sale if the loan goes bad?
- What is the likelihood that the borrower will be able to complete this loan satisfactorily and refi, sell or exit the loan in a timely manner?
Avatar makes loans that make sense for both parties. If you have a loan that makes sense, use our 2-minute loan scenario form to give us the details.
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