GRP Capital is pleased to announce that Ryan Dumas, Senior Associate at the Fort Myers based firm, originated a lease-to-purchase loan for an ABVI in the Rio Grande Valley of North Mexico. Director of Operations, Krishan R. Patel, and Processor, Keren Alpert, provided closing services for the transaction.

The GRP Capital team secured a fully amortized, 25-year loan for the borrower with minimal equity into the transaction.  The borrower came to Ryan Dumas through a local relationship.

Dumas noted, “I was pleased to enter this new territory with such an accomplished group of entrepreneurs. Both the buyers and sellers are organized, efficient and great communicators. This hotel is extremely popular during the yearly bird migration. The property will benefit greatly from the onsite management that the buyers will be able to provide.”

The folks at GRP Capital are particularly proud that this loan went from letter of intent to closing in 45 days. GRP was able to handle the complexities and organize all parties to close efficiently. We coordinated our efforts with a motivated managing partner. As a result, we were able to obtain the appropriate documents from the appropriate parties. Thus, we could schedule a closing date just in time for the holidays. A quick closing before the end of the calendar year was critical to all of the parties involved. We were happy to deliver.

GRP Capital is pleased to announce that Ryan Dumas, Senior Associate in the Fort Myers based firm, originated an acquisition loan for the Quality Inn & Suites in Lexington, SC. Keren Alpert provided closing services for the transaction.

GRP Capital secured a fully amortized, 25-year loan for the borrower. The loan closed with additional working capital to float startup operations. The borrower came to Ryan Dumas, as recommended by the seller’s nephew, who had previously partnered with Ryan on a past transaction.

In discussing this deal, Ryan Dumas said, “I loved working with these clients. They and the seller displayed great motivation. We all worked together to close this loan as quickly as possible. This market is showing lots of potential growth. The clients were ready to capitalize on this potential, just in time for the holiday travel season. We were very pleased to get the loan closed in December, as this was really important to all of the parties.”  

Real estate transactions often look simpler than they actually are. At GRP Capital, we offer a level of service to tidy discrepancies created over time. In this case, some last-minute title issues threatened to delay closing. These title issues, if not resolved, would have exposed the buyers to additional risk. By working diligently with the title company, the lender, and various attorneys, GRP successfully closed the purchase on time and within budget.

GRP Capital is pleased to announce the closing ofan acquisition loan for an EconoLodge in Lubbock, Texas. Keren Alpert provided closing services for the transaction.

GRP Capital secured a fully amortized, 25-year permanent loan for the borrower. The loan closed with additional working capital to float startup operations.

GRP Capital Managing Director Krishan Patel noted, “Our clients were ready to purchase this hotel. To be clear, this property was already healthy. But with active on-site hotel management by the clients, the trajectory is only upwards! Sometimes a property needs really active hotel management and oversight. I was happy to work with the clients to facilitate their plan to increase occupancy. In the end, we matched our client with a lender who shared their vision.” 

The GRP Capital Originations Team has years of experience in the hospitality industry. We are able to offer price guidance along with PIP budgeting, projection review, and analytical study. These complimentary services not only benefit the borrower in making a decision but also help to educate the lenders about our clients, their plans and goals.

For more information, contact our GRP Capital Team. 

GRP Capital is pleased to announce that Managing Director, Krishan R. Patel originated a refinance loan for a dual-brand hotel in Southwest Florida. Keren Alpert provided closing services for the transaction.

GRP Capital secured a fixed-rate term loan for the borrower. The borrower came to GRP Capital as an existing client with the company.

Krishan Patel discussed the complexities of this transaction. Patel noted, “Our client had a unique vision to expand his property and diversify revenue stream by creating different experiences at one location. To be clear, the dual-brand idea required specific debt tailoring, which we were able to accomplish. In the end, we were thrilled to close this loan in late December. Most importantly, all of our team members worked closely to make this happen.“

Dual- or tri-brand properties can create varied experiences for guests while optimizing expenses. With a multiple brand property, guests select from different room types at different price points. Meanwhile, management is able to utilize the same staff and reservations system. In other words, guests increase their choices and owners are able to realize operational savings. Do you have a multi-brand hotel project to discuss? Our team will be happy to answer your questions at AAHOA’s Successful Multi-Brand Hotel Development workshop on Wednesday, March 4th!

GRP Capital is pleased to announce that Ryan Dumas, Senior Associate at the Fort Myers based firm, originated an acquisition loan for a recently flagged SureStay Plus in San Antonio, TX. The sellers had converted this property to a SureStay Plus in late 2018.

The GRP Capital team secured a fully amortized, 25-year permanent loan for the borrower. In addition, the loan proceeds included working capital and closing costs. Ryan Dumas knew both the buyer and seller and was happy to arrange financing.

Dumas noted, “This property is perfectly poised to be profitable at its current location. The seller had worked hard to convert the property into a SureStay Plus. Clearly, reflagging this hotel was a great decision, based on solid market research. As it turned out, the seller was unable to continue to manage the reflagged property and was ready to sell. The borrower is an experienced hotelier who is able to take this business to the next level.”

The full-service team at GRP Capital have years of expertise in the hospitality industry. As a result, we are able to provide guidance surrounding franchise selection and value-add improvements. If you are considering rebranding or upgrading your current franchise package, we can assist you. We can help in securing funding and creating a timeline for making these changes.