Ryan Dumas and the GRP Capital team successfully refinanced a DoubleTree, securing a loan for a repeat client. The partners were able to refinance very affordably. They also pulled cash out, paying off original investors. They were quite happy to follow through on their original business plan, upon purchasing this property.

Senior Associate Ryan Dumas and our entire team collaborated with our very motivated clients to get this somewhat complex loan closed. Ryan, who knows these clients quite well at this point stated:

“I really respect this client group and was so happy that they came to me for financing again. They have owned this DoubleTree, located in a popular beach resort town. They operate the hotel well and it has increased in value since they took it over. More importantly, the clients know the marketplace very well. Because we know the clients and they understand their marketplace, it was easier to match with a lender and to make a good case for this loan. They were very pleased to pull out a seven figure amount from their cash out.”

Advantages of Being a Repeat Client for these DoubleTree Buyers:

• We know you: we have your personal historical documents and we know how you operate.
• We know your people: We already have worked with your attorneys, insurance agents and perhaps your accountant and bookkeeper.
• You know us: Repeat clients know the GRP Capital way: how we secure financing, how we collaborate with you to choose a lender and how we process the loan all the way to closing.
• With a higher end property like a DoubleTree, there can be additional franchise requirements. The GRP Capital team has a long history with the various franchises and flags.

Contact our team if you are considering conventional lending, SBA funding, 504 Loans, Green Loans or any other loan products. We can help you determine the right mix of loan types for all of your business financing needs.

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. Whether you are looking to refinance, purchase or engage in construction, we would love to discuss your business plans with you. If you are considering becoming a first-time (or second or third time!) buyer, we can assist you.