HOTEL-LOANS-IRVINE

We arrange the refinancing of the Baymont Inn and Suites of Greensboro, North Carolina 2 million conventional loan

Obtaining a loan for a hotel if the owner or the buyer is a foreign investor or a non-resident is fairly challenging in the US. Generally, foreigners or non-residents obtain non-recourse loans to acquire a hotel in the US. However, with the recent tightening of the non-recourse loans, many hotels do not qualify for those loans. Vanto Capital can go beyond this generic option offered by the market and locate lenders including banks who are willing to finance hotels for foreigners. In this case, the Baymont Inn and Suites was owned by a public company in India with a sponsor who is a foreigner. Vento Capital was able to refinance this loan in spite of challenges such as foreign ownership.