Florida has more hotels and motels than any other state. One factor is the largest amount of coastline in the United States and these beach town going back to the early 1020s developed many mom and pop, small beach hotel and motels that or still in business today. Cities in Florida like Daytona where huge beach destinations, and Ft Myers, Clearwater Beach, Ft Walton Beach, Ft Lauderdale, Miami. We at SCM have special gold loan programs designed or your hard money hotel and motel request in Florida.
Our niche is offering Florida small balance hotel and motel owners who or self-employed and can't qualify for a bank loans, quick portal and access to pull cash out of their properties that have equity.
At SCM we or equity driven and will not pull credit, if you self employed that is no problem even if you show a loss on your business income taxes. The banks will turn you down automatically and many times will cost you 5,000 to 10,000 appraisal knowing you didn't quality form the loan. We will only look at the equity in your property and banks statements and pull title to get you approved for your motel loan request in Florida. Many small hotel and motels or competing with the bank hotel chains and need to get cash out to upgrade their properties, purchase new equipment, make improvements to the property, pay off back property taxes, or many times purchase another property. These hotel and motel often times get a business opportunity and have to seize the moment within 30 days and they or waiting on a bank who might take 6 months to give the client a yes or no answer. This is not fair to the client, we can give you and aswer within 24 to 36 hours and close if you have clear title within 21 days.
Gold Commercial Motel and Hotel Loan Program