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Winston Rowe & Associates is a national full service commercial real estate finance firm. They are pleased to announce that they have successfully closed a loan for a Motel 6 purchase in San Antonio Texas.
Winston Rowe & Associates was able to get this loan closed under an SBA (7) a loan program in less than 7 weeks.
Motel 6 Transaction Details:
Funding was completed within less than 7 weeks from the application date
The loan amount was $1,350,000.
Loan to value was 75%
The Motel 6 is a 113 room, two story, exterior corridor, limited service hotel with excellent visibility & accessibility, strategically located on Interstate 35 in San Antonio, Texas
Below Replacement Cost: In-contract at $1,800,000, or $39,130/room.
Replacement cost can be approximated at $2.53 Mill ($55,000/room)
The hotel property is located on US 77 highway with great visibility and accessibility. Sinton, also known as “Gateway to Gulf Coast” is 28 miles northwest of Corpus Christi
At Winston Rowe & Associates, their primary objective is to provide the most reliable and efficient means of sourcing both debt and equity for your commercial real estate loans.
Winston Rowe & Associates provides no upfront fee commercial loans in the ensuing states.
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming