Alliance Business Capital was presented this deal from another Commercial Loan Broker who has worked with Alliance previously on several deals. The borrower on this deal was an experienced Commercial Real Estate Investor but had never owned a Hospitality Property,a Franchise or had an SBA Loan.
Alliance was able to quickly bring on board an Alliance Lending Partner who is a Preferred SBA Lender with a fondness for Hospitality Deals.
Because the Borrower had no experience they were required to hire a Management Company to assist in the transition. Alliance was able to refer a Management Company who the borrower felt comfortable with.
This deal had a few more hurdles than most, however thanks to the originating broker and our Lending Partners commitment to the deal we were able to successfully close this deal under the SBA 7(a) Loan Program.