Yakima, WA
Time was of the essence! Subs were ready to take other jobs, and weather delays were coming. Timing was not on our client’s side. Instead of shutting down the site until a resolution with the bank could be found, a broker called TriTalent Funding Group to see if we could help. Within weeks, a construction loan was in place, and no time was lost. The hotel was completed on time to meet the high summer demand.
Southeast Texas
TriTalent Funding Group made a $4.2 million loan that saved a deal from collapsing! Our client was attempting to buy a 109-room hotel in Texas from an auction website, with funds provided by a conventional lender. With $1 million in non-refundable earnest money at risk, the loan got stalled out, and the deal was on the verge of collapse. We stepped in and were able to review, approve, and fund the loan in a matter of days, which allowed our client to successfully buy the hotel.
Portland, OR
Borrower was very bankable and had several lenders willing and able to fund this transaction. Problem: The deal had to close in two weeks due to a 1031 tax exchange deadline. TriTalent Funding Group quickly offered a commitment and closed within days of first meeting. Not only did the borrower keep his 1031 privilege, he was also able to pay off the TFG loan within 30 days using local bank financing.
West Texas
TriTalent Funding Group made a $1.6 million loan on a hotel in West Texas that was in need of a major makeover. The hotel is in a great market, yet had been performing worse than all of the comparable hotels nearby. Because of mismanagement and outdated furniture and décor, the hotel needed a new owner to bring it back to profitability. Due to the hotel’s poor financial performance, however, the local bank couldn’t provide financing, and the borrower was running out of time. We got a call from the borrower, quickly performed a site visit, and approved and funded the loan, just in time!
Hotel, Gas Stations, Self Storage, Mini Storage, RV Parks, Bare Land, Mobile Home Parks…
Since 2004 Tritalent Funding Group, Inc has built its reputation on clearly communicating our ability to close a loan when our clients need it most. Commercial Real Estate can be complex and a quick yes or no is something our clients and referral partners value. Explore our loan programs page for more information about what we can offer.
1-4 Units, Non-owner Occupied, Acreage, Mix-use, Vacation homes
Whether it’s a Fix and Flip or a Buy and Hold, we’ve worked with hundreds of clients to buy, renovate, and resell single family homes. Speed is the name of the game more often than not and we are here to deliver. Explore our loan programs page for more information about what we can offer.
We understand this process and take great pride in …
Residential and Commercial construction projects can be complicated. Materials, people, expectations, and deadlines all have to come together in the right place and at the right time. We understand this process and take great pride in watching our borrowers create something out of nothing. Explore our loan programs page for more information about what we can offer.