Hotel Receives $1.4M FF&E Funds from CFP
Commercial Funding Partners (CFP) was contacted by a hotel needing funds for a remodel and FF&E. They were needing $1.4M and CFP was able to quickly give them the capital needed for a successful remodel. The hotel was given a 36-month operating lease and the broker was given a substantial commission.
“We had just secured financing for the hotel land and building,” said the hotel CFO. “We still needed funds for the hotel remodel and new furniture. Although this is tough collateral to produce, Commercial Funding Partners was able to secure this difficult transaction.”
Part of the future of this hotel will include multiple opportunities for expansion and profitably for the customer. CFP will continue to have the capacity to fund future opportunities.