Business Loans And Mortgages?
I've thought about a strategy, wondering what you out there, do you think?
I want to buy a hotel, something big, in the region of about 3 million £ 5 million pound, and I want to pay the bank. All the hotels, I have seen that sales are at this price are netting between £ 700,000 and 1 million pounds.
I want the bank's offer all the profits with monthly repayments it take me to the repayment of a loan or a mortgage, they should encourage me the finances in the first place. And if it works, I could make a significant share of his own hotel in 3-5 years.
I am confident that the hotel would make a good profit, I'm just not so sure whether a bank to finance me 100% back.
Well, future Entrepreneur.
I have experience in that matter, and in the United States, NOWADAYS, Banks, Private Institutions, Private Lenders, Etc. Will not Finance 100% of ANYTHING.
Then again, the market is changing daily, so I will just go Loan Hunting!
Good Luck with it!!!