hotel

Napa Hoteliers Amplify Business Growth with Multiple SBA 504 Loans

(English)

TMC recently helped hoteliers Vikas Patel, Chotubhai Patel and Tejal Patel, secure $5.4M in total project financing.  The funds were used to purchase two hotel properties in Napa.  By utilizing multiple SBA 504 loans, the Patel’s were able to obtain 80% hotel financing at a below market rate, fixed for 25 years.  

Continue

Historic Carmel Green Lantern Inn Changes Hands

(English)

“The main reason I bought it was the chance to put my fingerprints on it” Amrish Patel said of his newly purchased Green Lantern Inn in Carmel-by-the-Sea Calif. “We’re making improvements but maintaining its charm.”

Continue