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Announcing A Successful Hotel Financing Winston Rowe & Associates

Winston Rowe & Associates is pleased to announce that we have successfully closed a loan for a Motel 6 purchase in San Antonio Texas. 248-246-2243.

 
PRLog - Sep. 10, 2012 - Announcing A Successful Hotel Financing Winston Rowe & Associates

Winston Rowe & Associates is pleased to announce that we have successfully closed a loan for a Motel 6 purchase in San Antonio Texas.

Winston Rowe & Associates was able to get this loan closed under an SBA (7) a loan program in less than 7 weeks.

For more information about Winston Rowe & Associates and their commercial loan programs, they can be contacted at 248-246-2243 or visit them on line at http://www.winstonrowe.com

Motel 6 Transaction Details:

Funding was completed within less than 7 weeks from the application date

The loan amount was $1,350,000.

Loan to value was 75%

113 room, two story, exterior corridor, limited service hotel with excellent visibility & accessibility, strategically located on Interstate 35 in San Antonio, Texas

Below Replacement Cost: In-contract at $1,800,000, or $39,130/room. Replacement cost can be approximated at $2.53 Mill ($55,000/room)

Prime Location: The property is located on US 77 highway with great visibility and accessibility. Sinton, also known as “Gateway to Gulf Coast” is 28 miles northwest of Corpus Christi

At Winston Rowe & Associates, their primary objective is to provide the most reliable and efficient means of sourcing both debt and equity for your commercial real estate loans.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

Winston Rowe & Associates provides no upfront fee commercial loans in the ensuing states.

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming

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Contact Email:
***@winstonrowe.com Email Verified
Source:Staff Writer
Phone:248-246-2243
Zip:48082
City/Town:St. Clair Shores - Michigan - United States
Industry:Loans, Real Estate
Tags:Hotels, Finance, closed loans, Business, Mortgage
Shortcut:prlog.org/11970873
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