Hi all. i’ve posted on here once or twice about the hotel project I’m working on. I am a first time developer and first time hotel owner. I have some hospitality experience as I own a successful Airbnb that I manage myself in the same area. And I photograph hotels for a living.
I’ve just started to talk about my project with potential investors. But I sent all of my documents to a lender to get a cursory take on the likelihood of an SBA 504 as part of my stack and she said my lack of hospitality experience and not high enough net worth would be hard for them to approve a $7M loan.
So I’m thinking about specifically seeking out an investor to come on as a partner to give me both credibility and bump up our net worth. So I’m trying to think of how to structure a deal for that particular investor. A chunk more of equity on top of the deal that the other investors get? Higher pref?
Any and all ideas and experience welcomed. Thank you!
How to structure deal for needed investor-partner
byu/cookieguggleman inrealestateinvesting
Posted by cookieguggleman