Operating a small hotel or motel involves being able to compete with the larger chains. You have to be willing to provide similar amenities and accommodations to your guests, just like the larger hotels in your area. Not being able to offer these options often has a direct impact on your occupancy rates. In order to keep your rooms booked and occupancy rates high, you may need to consider remodeling your hotel or motel. Securing the financing required to undertake such a project is possible with assistance from Commercial Lending Corporation.
This A+ rated Better Business Bureau lender has solutions available to fit with your specific needs and requirements. Commercial Lending Corporation (CLC) has direct access to one of the largest pools of money available on the market today. By working directly with CLC, it is like presenting your rehabilitation project to hundreds of lenders all at the same time. Their experienced underwriters are able to quickly determine which programs would best suit your situation. Instead of having to apply for each program individually, you can submit a single application, along with the required documentation, and have it presented to all interested lenders.
As a result, it is possible for you to end up with multiple rehabilitation loan offers from different parties. Whenever this occurs, your CLC underwriter will discuss each loan program, its features, and help you discover the one that provides the best benefits. For example, you might be able to obtain a higher loan-to-value ratio with one program, while another has a lower interest rate.
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