More info would be needed, but yes.. there are lenders who specialize in motel lending.. the best source is scotsmanguide.com. You can type in your loan details and it will give you a list of lenders willing to consider your scenario. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
I have a personal friend who buys and sells hotels, if you would like his contact information, please let me know.
You will be needing a commercial loan officer and there are many who specialize in Hotel/Motel financing. Commercial is not regulated like residential so you will find many commercial lenders who can help with loans in Florida. Local commercial lenders who are familiar with the area may be a better option for you. You will receive better terms if the Motel is a nationally known brand/franchise then you will if it's a mom/pop Motel. You can also use SBA for Motel loans depending on the situation. Best wishes, Sean
Htel/motel financing can be tricky. Make sure you contact a local broker in your area. Do a search via the internet for Commercial Mortgage Broker (then the city name in FL). Contact several brokers and go with who seems to know what they are talking about and are very candid with you. Good Luck!
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