Setting goals to achieve results: new loan in California

Setting goals to achieve results: new loan in California
by Keren Alpert

Setting goals is an important part of of being a successful businessperson. For many of our clients, their objectives include adding new businesses to their portfolio, expanding or remodeling, or refinancing current loans to improve cash flow. Setting goals helps you see where you are heading. While you are are setting goals, GRP Capital can then help determine the steps you need to realize your dreams.

GRP Capital’s  Senior Associate Ryan Dumas and our entire team were able to close a California hotel loan. Our client came to Ryan a while ago and he wasn’t quite ready to take on a new loan, but he needed financing to replace a private loan he was currently paying off. Ryan and the entire GRP team worked closely with him to structure his loan and to help him improve his financial picture. By setting a goal of improving his books, our GRP team could find more willing lenders from our network. The client had in his favor a solid and profitable hotel in a busy market. He and his management team are hands-on with their property. And most importantly, everybody had their eyes on the prize: closing that loan.

On the day the loan closed, our client posted pictures of a celebratory outdoor dinner with friends and business partners. With smiling faces, he also tagged GRP Capital, praised Ryan and the rest of our team, saying “You Rock!” and “We highly recommend u!”

Ryan Dumas remarked, “This client is our bread and butter at GRP Capital. He knows his business, he is a small businessman who just needed guidance and personal attention. We even helped him with some legal and title issues when those threatened to slow down the loan process. I know he and his team will continue to be profitable at this property.”

Setting Goals for Your Business:

• Improving Cash Flow. Ryan and the rest of the team can help you truly understand the financial picture of your business. We can often suggest ways  ways to minimize or eliminate expenses? Are there actions you can be taking to increasing your revenue? GRP Capital can help you take advantage of tax laws to minimize your tax exposure while still demonstrating the health of your business.

Comparing Loan Products: The right loan can often bring down your monthly payments. Loans can also provide more permanent, reliable financing, especially if you are facing a balloon payment. Our GRP Capital team can discuss the variety of loans out there and help you choose from various lenders to secure the loan that most closely matches your goals.

Our GRP Capital team specializes in finding the right lender for each project. We save our clients time and money, as we research the best choices for their funding sources. Our experience allows our clients to find funding that is project-appropriate and will allow for sufficient cash flow. If you are considering becoming a first-time (or second or third time!) buyer, we can assist you.

 

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