Financing Your B&B, Motel, Hotel or Commercial Property

American Atlantic Mortgage is a full service Commercial & Residential Mortgage Brokerage Company that can assist you with the purchase or refinance of any commercial or residential property whether its purchased through International Realty Plus +, LLC or some other source. Our brokerage operation has access to hundreds of lenders for all types of commercial and residential properties.

The financing of a commercial property can be a very involved and complicated process. We are ready to guide you through the loan process. Most lenders want to know about you, the borrower, and the business that you are purchasing. As a general rule, lenders follow the following formulas to consider your loan.

The focus for residential loans is "rate" and "service". We deliver outstanding rates and service to help you get the best rate and the quickest service.

Lenders look at the four "Cs" of Credit… Cash, Credit, Collateral and Character. Each of these factors plays a important role in your ability to get financing. In the case of residential loans, your credit and work history are extremely important. The emphasis for underwriting a residential loan is based on the "individual".

Commercial loans tend to focus on both the individual and the property. A good way to understand the underwriting of a commercial loan is by thinking of the four "Cs". Each of these factors plays a fundamental role in your ability to acquire both SBA or standard commercial financing.

CASH: You must have sufficient cash, commonly referred to as "equity" to arrange financing. Typically this is in the 20-50% range.
CREDIT: Your credit must be excellent (your credit is determined by your personal credit score and the financial health of the business you are purchasing).
COLLATERAL: You may have to guarantee your loan with such things as stocks, bonds, 401Ks, investment real estate and other assets as security for the loan with your personal signature.
CHARACTER: Your character must be sound and your background must demonstrate the experience, education and ability to be successful in your new business venture.

The four "Cs" apply to you personally and to the business you wish to purchase.
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Here is a likely list of things you will need personally:

1. A purchase contract for the business.
2. Your bank account numbers and the address of your bank branch, along with checking and savings account statements for the previous 2-3 months.
3. Pay stubs, W2 withholding forms, tax returns for three years, or other proof of employment and income verification
4. Divorce settlement papers, if applicable.
5. Credit card bills for the past few billing periods, or canceled checks for rent or utility bill payments, to show payment history and amount of revolving debt.
6. Information on other consumer debt such as car loans, furniture loans, student loans and retail credit cards.
7. Balance sheets, Profit & Loss Statements and Tax Returns, if you are self-employed.
8. Any gift letters, if you are using a gift from a parent or relative or other organization to help pay the down payment and/or closing costs. This letter simply states that the money is in fact a gift and will not have to be repaid.
9. Personal Resume.

1. Last three years of income tax returns.
2. Last three years of profit and loss statement and year to date profit and loss results.
3. Last three years of state sales tax returns.
4. Personal financial statement.

Also be prepared to provide the lender with a future three to five year Business Plan that will include, balance sheets, income statements and cash flow plans. (If you are not comfortable doing a business plan, go to www.businessdoctor.info where you can get some help in preparing this document).

Be prepared to sign a letter giving us permission to pull your credit. If you would like to discuss credit scoring or concern about past credit problems, feel free to give us a call. Loans can be done with previous "glitches" in your credit history. It is better to deal with previous credit “glitches” up front than it is to let them be discovered by a lender. The highest possible credit score is about 850. Loans to people with scores below 550 are not uncommon. Commercial Lending Loan officers look at each deal, individually.

LOAN APPLICATION:

Almost all of us have filled out a HUD 1003 Loan Application Form in the past when we needed financing for a home we wanted to purchased. This application is fast becoming the "default document" which starts the loan process. Getting the loan process started is easy…just go to www.americanatlanticmortgage.com and click on Apply On Line. It is easy and convenient. The application is completely private and will be sent to us via the Internet.

Also spend a little time visiting www.americanatlanticmortgage.com, it is a site with a wealth of information about credit and loans. The HUD 1003 Application form is a "financial snapshot" of your life. It gets you started but more is required with commercial loans.

For those of you who wish to buy a house, condo, duplex or second home, we can do the residential financing for you as well. Simply go to www.americanatlanticmortgage.com and fill out the application for our immediate action. Our residential rates are extremely competitive. The American Atlantic website quotes current "rates" on a streaming basis.

Loans Available To:

1. Start a new business.
2. Construction of facilities.
3. Purchase land or buildings.
4. Expand your business.
5. Purchase machinery or equipment.
6. Purchase a business.
7. Refinance debts.
8. Finance increased receivables to augment working capital.
9. Refinance the business.

Types of Commercial Financing Available:

Conventional Commercial Loans

• Small Business Administration (SBA) Loans
• 90% of American Businesses Qualify for SBA Loans. Does Yours?
• SBA 7 (a) Loan Program (up to $1,250,000)
• SBA 504 Loan Program (up to $3,000,000)
• Mezzanine Financing
• Business Loans
• New Construction Loans
• Bridge Loans
• Construction Loans
• Working Capital Loans
• Refinancing Loans
• Home Loans

• B&Bs, Motels and Hotels
• Multifamily
• Warehouses
• Office Buildings
• Shopping Centers
• Mixed Use
• Apartments
• Single Tenant Retail
• Restaurants
• Strip Centers
• Industrial Land
• Non Real Estate Business Loans
• Investment Property
• Vacant Commercial Land
• Churches

Types of Residential Financing Available:

• Bridge Loans
• 1st Mortgages
• 2nd Mortgages
• Interest Only Loans
• Refinancing
• Private Placement
• Flip Loan

Types of Residential Properties Financed:

• Single Family Residents
• Duplexes
• Triplexes
• Quadplexes
• Condominiums
• Second Homes
• Mobil Homes
• Manufacture Housing
• Vacant Residential Land

All financial services are provided through American Atlantic Mortgage, a licensed Mortgage Brokerage Business (MBB) in the State of Florida.

Please call us at (727) 797-1070 or e-mail us at info@floridainnbroker.com to discuss your financing options. One of our professional loan officers will be happy to assist you.

If you have a mortgage to sell or would like to buy a mortgage as an investment, please go to www.privatemortgagemarketplace.com for further information.

It does not matter where your property is located! We can help finance the deal!