Scientific Capital arranges 12.5 million conventional hotel loan

NEWPORT BEACH, Calif. - March 12, 2019 - EntSun -- Financing hotel acquisitions when expenses are unusually high and profits are low is fairly difficult and many such projects are automatically channeled through the SBA program which specially in case of the 504 program require higher processing effort. It is often a mundane process to add back very few seller expenses such as depreciation, amortization, and interest to the cashflow but when there are  other excessive costs, identifying and verifying them is a difficult task. Additionally, even when these costs are identified, the lenders may show little appetite for crediting these costs to the cashflow. Our challenge in this project was exactly that where we had to analyze the financials and extract the hidden costs that would be qualified and provable for crediting to the cashflow. Both hotels are financed under the conventional program for a total of 12.5 million where Clarion is financed at 80% Loan to Value with 1 million PIP and Holiday Inn Express at 70% LTV of 8.5 million and 25 year amortization.

More on EntSun News

• Cybersecurity is Fast Becoming a Vital Issue for Protecting Personal Information and Portfolio Wealth
• Keis To Joi Debuts "The KEIS Within Collection"
• 10 Essential Tips for Maximizing Value When Choosing Your Orlando Wedding Venue
• Americans Are Trading Offices for Beaches: How Business Ownership Enables the Ultimate Location Freedom
• Introducing Garment Saver's Planet-Friendly Makeup Guard

Scientific Capital Group, Inc. (https://www.scicap.com) is a hotel financing advisory and brokerage company established in 2003 in Irvine, California offering services throughout the 50 states. For more information, please contact Ramin Mostaan at (949) 477-5000 or email at ramin@scicap.com.