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6120 Paseo Del Norte,
Suite I-2,
Carlsbad, CA, 92011
Tel: 760-607-0440
Fax: 760-607-0441
Success Stories
Success Story #1—Mr. J. Barnett restructured his SBA financing into one of PacificFirst Mortgage's aggressive commercial loans. PacificFirst Mortgage/Hospitality Lending Division (PFM/HLD) was able to reduce his interest rate from 8.5% to 6.0%. The client received approximately $900,000 cash at closing and his monthly profit increased by an average of $16,000 per month as a direct result of the reduced debt-service!
Success Story #2—The Greene Family Trust owned their hotel free-and-clear and were enjoying significant cash flow. They used the PacificFirst Mortgage Small Balance Product to leverage the equity in their property in order to buy a Bed and Breakfast Inn and now receive over twice the profits of their original hotel!
Success Story #3—Samuel E. had always dreamt of buying a hotel. He had $500,000 to invest however his credit was less than prime. PFM/HLD was able to verify his existing business income and highly leveraged his $500,000 down payment to allow him to purchase a 25 unit resort-style property in Northern California!
Success Story #4—The PRG Investment Group was looking to place $6 Million into a lucrative hospitality property. PFM/HLD located a beautiful 310 room resort property that perfectly fit their needs. Utilizing the Business and Industry (B & I) program, the PRG Investment Group was able to receive cash-flow representing an 11.2% return on their original investment during their first year of ownership!
Success Story #5—Millennium Holdings Corporation wanted to expand their Hospitality Management Company by purchasing another hotel without using their investment reserves. PacificFirst Mortgage/Hospitality Lending Division restructured their existing financing in order to allow them to take cash out in excess of $750,000. The client then re-invested the proceeds into another hotel acquisition that yields a 14.3% cash-on-cash return!
Success Story #6—C.H. Management LLC wanted to improve their profit margin and receive some cash for needed capital improvements. The hotel had only been in operation for two years and showed a break-even operating history. With the assistance of PFM/HLD, the USDA guaranteed Business and Industry (B & I) loan provided them with a desirable option arrangement. Because of the company's 3+ years experience in hospitality management, USDA was able to guarantee the loan easily and provide for a timely funding!