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Can anyone assist us with a 1 million dollar gap funding on a hotel deal we have. Seller is putting 4 million dollars

by l.and.lenterprise... from , California. Dec 7th 2016 Reply


Larry Gray (lgray_312_247)
#596 ranked lender in California - 1,139 contributions

Here is one alternative to contact as they have been around doing real estate and commercial lending since like 1938. Working on the real estate side they have likely had to be creative at times in financing to make a deal work. Here is a link to Saxe, headquartered in Daly City, CA. I am sure they can provide commercial financing anywhere in CA: http://www.saxemortgage.com/loan-types/loan-types-2/commercial-lending.html

Dec 7th 2016
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Larry Gray (lgray_312_247)
#596 ranked lender in California - 1,139 contributions

Realizing Saxe may not work with Hotel purchases here is the website for CA association that may be able to recommend a good lending source for you:https://www.calodging.com/events/financing-hotel-projects-from-500000-to-over-250000000/

Dec 7th 2016
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