Alliance Business Capital is pleased to announce that we have successfully placed a loan for construction of a New Holiday Inn Express to be located in Peekskill NY.
The Borrower had been trying for over 2 years to locate financing for his Hotel Property before contacting Alliance. We were able to obtain a Conditional Loan Commitment within a 30 – 45 day period from one of our Bank Lending Partners.
Total Project Costs were $9 Million and we were able to provide a loan for just over $7 Million.
For more information on the this transaction please visit www.hotelfinance.biz
Alliance Business Capital offers Commercial Real Estate Loans Nationwide from $350K up to $500 Million. We are able to assist Small Business Owners with SBA and USDA B&I Loans from $350K up to $10 Million. We can also assist on larger loans on certain property types up to $500 Million.