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“You have to know what to look for and be willing to invest in what it takes to make the property more attractive,” says hotel broker Howard Mathews. “If you can get another 50 percent in revenue per available room, you know it’s worth it. Jay and Don like to work with Jim and TMC. They have good people who know what they are doing and can get deals done.”
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Electric vehicle charging stations, energy-efficient lighting and water conservation measures helped the Robert T. Eglet Advocacy Center in Las Vegas qualify for $5.5 million in SBA 504 financing. “A conventional loan would have meant 20 percent or more out-of-pocket from our working cash,” Eglet said. “With TMC, we don’t have as much risk.”
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“There were so many reasons for the banks to say no,” Rush Creek owner Lee Zimmerman said. “Non-flagged, ground-up construction in a remote area, needing all of its own infrastructure, coming out of the economic recession and after the Rim Fire. Without the SBA piece from TMC, we couldn’t have gotten this done. Banks would not have been comfortable financing this deal.”
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February 20th, 2015 TMC Financ…
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March 5th, 2014 New Owners Acq…
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