Using the SBA 7a Loan Program to Finance a Boutique Motel Acquisition I am looking to purchase a boutique motel which needs a major renovation. The occupancy is low and the older couple who own the place don’t keep good records. Is this something that SBA might still look at with low in-place cash flow? …
Investment Property Line of Credit for California Properties — How to Get an ILOC on a fourplex in California Hello Beau! I have a free and clear 4plex near the beach in Encinitas, California (near San Diego). I am looking to put a line of credit on it so I have funds available for investments. …
SBA 7a Fixed-Rate Financing Option Can I get a fixed rate on the SBA 7a program? It seems more advantageous than the 504 for what I am looking to acquire which has real estate included in the sale of the business. I want to maximize leverage based on some of your previous podcast shows. The …
Structuring Financing with Hard Money and Seller Carry I found a really good deal on a home that has fire damage. (not that bad just the kitchen). The seller said she would possibly carry a portion. How would you structure this? I do have the money for the rehab which I’m at $80k for kitchen …
Bridge Loans for Small Multifamily Acquisition I am under contract to buy a 4plex. Units are all rented and the rents are well under market rents. My plan is to rehab the exterior and interior units and furnish them. I will rent as short term and mid-term rentals. What’s the best way to get the …
How to Purchase Service-based Businesses Using SBA Financing I found a really strong service-based business to buy. It appears to check all the boxes and I even had a banker review the financials and he said the business would easily accommodate the new SBA loan proceeds. My problem is, I am a little weak financially. …