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Speedy Closing for Hotel Purchase In Kentucky

October 8, 2020

Another speedy closing is in the books. GRP Capital Senior Associate Ryan Dumas was able to close this loan rapidly and efficiently with the help of our team. Our client, who was actually the seller of this property, wanted a smooth and quick closing, Ultimately, he wanted to transfer ownership of the property in preparation for new business ventures. 

GRP Capital secured a fully amortized, 25-year permanent loan. The buyers were able to take advantage of continued low interest rates.  In addition, the quick closing also ensured that the this loan was eligible for SBA’s 6-month subsidy. As a result, the buyers have no payments for the first six months of the loan. 

Our client told us after the closing, Your teamwork is amazing and guided us step by step. I have never seen an SBA loan close this fast.” Ryan Dumas was proud of GRP’s ability to execute this speedy closing efficiently and smoothly. In order to accomplish this, the GRP team worked in partnership with the buyer, the seller, the lender and many third party vendors. As a result, the client and Ryan are already discussing future business projects. 

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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