JUST CLOSED- MANITOWOC HOTEL REFINANCE AND RENOVATION LOAN
Bellwether Funding has just arranged funding for the refinance and renovation of a local flagged hotel in Manitowoc, WI. The $1.5M loan was secured to refinance the existing debts for the hotel and fund the necessary renovation costs to re-brand the hotel to a more up-scale brand. This change will allow the owners to enhance services and increase revenues. The loan was a SBA 7a- guaranteed loan and offered the borrower better cash flow on their existing debt, as well as the funds needed to complete improvements to re-brand the hotel.Thank you for reading this post, don't forget to subscribe!
Bellwether Funding, LLC is a commercial loan brokerage firm in Waukesha, WI offering start-up funding, acquisition, debt restructuring and refinancing for challenged credits and bank turn-down credits. We specialize in funding hard-to-place loans and property types. With 23 years of in-house loan underwriting capabilities and over 80 national lending sources, we offer solutions for borrowers seeking the ability to fund loans which banks don’t often consider. Please go to LinkedIn/Bill Frey to learn more.
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