Scientific Capital arranges 1.3 million loan for the bank-owned Microtel of Cartersville, Georgia

IRVINE, Calif. - March 3, 2015 - PRLog -- The Microtel of Cartersville, Georgia, a lender owned hotel was a great turn-around opportunity for a seasoned hotelier with strong operational and marketing background in the hotel industry. However, financing lender owned hotels are very challenging as the statistics reports are often missing, the maintenance records generally are not available, the historical tax returns hardly exist, and the financials provided by the receivership show little or no profits and are at best for a few months to a year. Further hurdles faced in this project was the fact that the majority of ownership was held by foreign investors who live abroad.   Scientific Capital was able to structure a conventional loan for this property in spite of the fact that it was a lender owned hotel and was acquired by a company with majority ownership of foreign investors.

Scientific Capital Group, Inc. (www.scicap.com) is a national hotel financing company located in Irvine, California. For further information please contact Ramin Mostaan at 949 477 5000 or email at ramin@scicap.com.