WHY BUY NOW?
It would appear that early to mid 2008 may provide Aspiring Innkeepers some of the best long term financing opportunities they have had since the Prime Rate was 4%. Reductions in Prime combined with developments in the financial markets have begun to stabilize or improve interest rates and loan programs across the board.
Who can predict when interest rates will hit and bump along the bottom? How long will rates stay at any one level? How can one know when to jump in and begin the process to time the peaks and valleys in the market?
It is any one's guess, but it generally takes 45 to 60 days to process and close a commercial loan, for that reason now may be a good time to begin the process so that you are ready should you decide it prudent to take advantage of both a "Buyers Market" and reduced interest rates....
Purchase Financing Inquiry
