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4, 5 Star Resort Hotels in Cancun Mexico, I have a deal that you might be interested in. Asking price is 418 MM (firm). They have 90-94% on average occupancy rate year round. NOI in 2009 at 43.5 MM,…Continue
Started May 14, 2012
382 unit built in 1960, it's distressed at 51% occupancy. Asking is 3,900,000 plus 3% fee. It is positive cash flowing at 12-14% ROI. It's OFF market and it will not last. You must submit LOI an…Continue
Started this discussion. Last reply by Richard Williams May 28, 2012.
Private Commercial Funding has far surpassed the volume of conventional lending and has become the commercial capital source of choice. Private lenders and banks must both access the risk exposure which will have an impact on the final rates and terms, but all in all, private lenders have a much greater flexibility, can offer more creative methods of financing and are definitely open to negotiation.
Each lender will have a slightly different loan worksheet and may have different…
Posted on June 3, 2012 at 12:25am