Just closed $880,000 Loan On A Mountain Ranch Hotel in Zion, Arkansas
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Date/Time:29 May, 01:09 p.m. EST
Type: Financial, For Sale - Private.
For many traditional banks, the thought of lending money on a special use property in a rural community is simply out of the question. While the property might cash-flow, inherent fear and "inside the box" thinking confines them to specific property types in specific areas. Fortunately for owners of special use properties, we have no such restrictions. If the deal makes sense, then we are going to do our best to make it work. In this case, we had a historic mountain ranch with borrowers who needed to payoff tax liens, and receive cash out for additional renovations to the property. Despite their strong net worth, they found themselves unable to obtain traditional financing.
Do you have a loan that banks aren't willing to touch? Visit us now and we will find out if the deal makes sense. As we say here, if a deal makes sense, we make the loan.
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