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motel financeing available for florida state

by aby7277770 from Dallas, Texas. Aug 5th 2015 Reply


William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

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

Aug 5th 2015
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Lorne Harvey (lorneharvey)
#81 ranked lender in Washington - 418 contributions

I have a personal friend who buys and sells hotels, if you would like his contact information, please let me know.

Aug 5th 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,107 contributions

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

Aug 5th 2015
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Mark Hemingway (SFSLend)
#1 ranked lender in Colorado - 569 contributions

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!

Aug 6th 2015
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