Sharing all the hotel numbers👇🏼 A lot of people have been asking about the deal structure so here’s a quick run down: 〰️Purchase Price: $2.75M 〰️Renovation + Furniture: ~$1M 〰️Hard Money Loan: ~$2M 〰️Additional Capital Raise: ~$2M (structured as a syndication) Because this property hasn’t been operational for a few years, we had to get a bridge loan instead of a conventional loan. After it’s stabilized we’ll be refinancing into a more conventional loan. Over the next 6 months we’ll be building terrapalmsprings and bringing our vision to life! What else do you want to know about this deal? P.S. Want to learn how to get started investing in real estate? If you comment the word LEARN I’ll send you a link to my live free training next week :) #palmsprings #palmspringshotels #hotelrenovation #realestateinvesting #buildwealth