Marina & Restaurant Business Acquisition Using SBA 7a Loan [Recently Closed Deal]

Marina & Restaurant Business Acquisition Using SBA 7a Loan [Recently Closed Deal] https://investorfinancingpodcast.com/rumble

I was referred to the sponsor by a mutual friend who was looking to buy a marina in Wisconsin. The purchase price was around $2 million but there were a number of obstacles to overcome.

The main hurdle was that the majority of the income was coming from the onsite restaurant but the buyer had zero restaurant experience.

Additionally, we had to negotiate a partial seller carryback, structured 90 percent loan-to-cost with the bank.

I brought in two investor partners for the remainder of the equity injection required to close the deal.

Needless to say, this was a challenging project to get funded.

If you have similar financing challenges, you can always reach out to discuss with me - https://investorfinancingpodcast.com/rumble - and I can help you navigate to a successful conclusion in many cases.

If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask

💥 Thanks for watching 💥
#SBA7a #sba7aloan #MarinaFinancing #EquityInjection

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.