We all know there are various businesses and commercial properties being sold or refinanced Nationwide. The number of Motels is increasing over the years, just because of changed life style and the high living standards. The businessmen and the hotel owners like to grab the chance and to get more benefit while opening the new venture and to renovate the existing infrastructure.
For every expansion in business involves money factor. There are so many Commercial Banks and a lot of Financial Institutions exist in the United States of America and they all are offering loans of different categories such as building loan, Motel Loan and so on.
For every expansion in business involves money factor. There are so many Commercial Banks and a lot of Financial Institutions exist in the United States of America and they all are offering loans of different categories such as building loan, Motel Loan and so on.
Services
Motel financing is a niche specialty. Most lenders do not want to do them because of the higher risk involved. It is extremely important to do an extensive due diligence before buying a motel Also these businesses are very difficult to run absentee unless you have solid experience in the industry. However with good management and lots of hard work these businesses can be very profitable.
Neil Advani has proven expertise in financing gas stations, He has to his credit some very difficult deals including contaminated sites. Gas stations have become increasingly competitive over the years for a variety of reasons. Margins continue to decline with major brands like ARCO operating on as low as 5 to 7 cent margins per gallon of gas.
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