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  • motel financing

    Hi,

    I would like to know approximately what percent down I will be required for a loan to purchase a motel?

    Thanks

  • #2
    Depends on a lot of things

    including the financials for the hotel - trading profits etc, whether it owns the land and buildings or leases, and what other security you can offer to satisfy the lender.

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    • #3
      The best I have been offerred on a stand-alone basis (no additional security) was 50% LVR, and the reason given was that a motel was a purpose-built building suited to only type of tenant (motelier) whereas with generic commercial I have gotten up to 70% LVR.
      Julian
      Gimme $20k. You will receive some well packaged generic advice that will put you on the road to riches beyond your wildest dreams ...yeah right!

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