1)
Please tell something about your organization,
key achievements and benefits you provide to
small business owners and investors?
Sterling Commercial Capital is a nationwide
commercial mortgage lender, targeting hard-to-finance
transactions, as well as plain vanilla deals,
with transactions beginning at $1 million. As
of this writing, we have re-opened lending on
select hotels.
2) How has the economy downturn affected
your business?What steps have your taken to
help business owners in this economy? Any special
deal, discount, or offer?
A large number of investment sources have disappeared,
and available money to lend on anything has
been a challenge. Hotels, as a property type,
has presented an additional challenge, with
few lenders interested in this property type
during recent years.
None could be taken. None – we are fortunate
to be able to make a loan on a hotel today,
and it will be somewhat expensive.
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