Small Balance Florida Commercial Hard & Private Money Call or TEXT 813.516.5210 brent@floridahardmoneyloans.info

Hotels and Motels

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

  • Ltvs to 65%
  • Loan size: 50,000 to 5 Million
  • Statewide
  • Rates 9% to 12%
  • Self Employed Okay
  • Close in 21 days or less with clear title
  • No appraisals
  • No Upfront fees
  • Make Sense Underwriting
  • Close in llc
  • 24 months of bank statements if you show a lost on business income taxes okay
  • Previous foreclosure or bk okay
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We appreciate your consideration and hope when your ready to refinance your Florida hotel or motel property you give us a chance to get you qualified and approved. Our service, excellence and attention to details and using our 200 years of commercial underwriting experience you will see why we are different.
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"I just closed a commercial loan in St. Petersburg. A 16 unit apartment complex for $100,000 at 11.5% interest. It was a free and clear equity driven low documentation refi with no appraisal so it closed fast!"

Mikle / Broker

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