Shop Commercial Mortgage is very interested in equity-based lending for hotels and motels in the state of Florida. As a major tourist destination, Florida has more hotels and motels than any other state and many of those businesses need cash for maintenance or expansion. Shop Commercial Mortgage can make that happen with our Gold Commercial hard or private money loans.
We operate in a special niche by offering loans secured with equity from zero or small-balance mortgaged properties run by self-employed owners. These clients often will not qualify for conventional financing due to their self-employed status. We use the accumulated equity in the property to secure our investors’ loans, thereby eliminating the cumbersome credit and income underwriting process. Owners can pull cash out of their properties rather than being at the mercy of the banks.
Shop Commercial Mortgage loves to support our hotel and motel owners in Fort Myers, Naples, Englewood, Venice, Sarasota, Clearwater Beach, Ft. Lauderdale, Ft. Walton Beach, Miami, and all areas in between. Don’t worry about being self-employed even if you are showing losses on your business taxes. We also aren’t going to charge you expensive appraisal fees like the banks that can cost you thousands of dollars with no loan guarantee. All we do at SCM is pull the property title, look at the equity, and review your bank statements. You can get approved in one to two days and get your money typically within 21 days if you have a clear title.
Gold Commercial Motel and Hotel Loan Program