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sample,example,business,proposal investing,investment,realestate,real,estate,building,hotel general non-technical project internal company department plan funding opportunity construction apartment condominium housing Montgomery and Associates Inc 40th Place Spokane www MontgomeryDevelopment com Funding room Hotel Waterville Washington Prepared for George Ames Senior Executive Broker Prepared Jake Montgomery President CEO Montgomery and Associates Inc seeking funding from the Nolen Group for investing room hotel Waterville Washington Our location analysis funding request and return investment analysis are included are seeking the flexibility guidance experience and funding your group has offer for the growth our business. Proposal Number Executive Summary Location Analysis Funding Request Return Investment The Objective purchase and renovate hotel property Fifth Street Waterville Washington Need Initial funding less twenty five percent down payment for purchase. Need Remodeling funds for renovation and construction funds Need Marketing and advertising facilitation and funding The Opportunity own income and investment property the historical and increasingly desirable community Waterville. Goal Renovate hotel four star standards but stay keeping with the original character and atmosphere the hotel. Goal Grow and maintain reputation luxury hotel and year round vacation destination. The Solution Form investment relationship between Montgomery and Associates and The Nolen Group obtain funding and investment advice support goals and outcomes. Request funding million year balloon initial purchase price Request year open credit line for renovations open balance year mark financed into initial loan. Request Ongoing marketing and advertising campaign through The Nolen Group innovative investment promotion program paid monthly cash basis. Montgomery and Associates has performed thorough business location analysis Following are the results. Primary Location Location Fifth Street Waterville Washington right off scenic State Highway Waterville known for its peaceful rolling hills wheat views the Cascade Mountains historic farmsteads and the best snowmobiling west Montana Waterville was founded and designated historic township The population Waterville well known for its District Fair Rodeo and Demolition Derby. Description three story room brick hotel built the original route for the stage coach Building still retains many historic details including claw foot tubs foot ceilings leaded glass tin ceilings the lobby and bar and original unpainted wood trim Property has had electrical updating but will again need brought code Plumbing needs updated and some the ceilings and walls the 2nd floor need replaced due water damage Needs new roof and the original stage coach porch and balcony still exist but need extensive repairs Wood floors need sanded and stained Historically accurate renovations need replace all updates that occurred the 50s and late 70s Third floor needs extensive renovations due water damage. Clientele Travelers seeking peaceful destination quaint historical town the summer months State Highway popular road and many people stop the hotel for overnight stay the winter months snowmobiling enthusiasts travel Waterville for its ample snow and thousands acres snowmobiling access. Access Visible from Highway with access the parking lot right off the highway. Competition There are other hotels bed and breakfasts mile radius Marketing The Town Waterville has been featured several local travel guides and becoming more well known travelers from larger cities seek peaceful weekend away from the stresses modern life The hotel needs broader marketing campaign stay closer capacity throughout the year. The following summarizes Montgomery and Associates request for funding Funding used for the following period years starting with November this year. Funding Requested Montgomery and Associates requests initial loan million million purchase price with down payment with open line credit for renovation and construction for the period May next year through May the following year Balance credit line assumed into initial mortgage May the following year year balloon higher than APR. Repayment Plan Specifics determined The Nolen Group Requesting fixed interest year balloon Required Funding Purchase Expenses Property Closing Costs Escrow Taxes Insurance Renovation Expenses Contracting Insurance Total Expenses Current Available Funding Funding Requested Detailed below the Return Investment ROI analysis for the project The costs for the development operations and ongoing maintenance the project the benefits are summarized for year period. Description Year Year Year Year Year Total Total Costs Mortgage Taxes Expenses Income capacity Net Ratio ROI Financial ROI Benefits Even capacity the hotel could generate estimate return the first year Records from the hotel current owners show that the hotel has averaged capacity for the last years Their average room rate per night which the figure used for the first two years the above chart The above takes into account previous performance history records income and expenses from the current owners and yearly increases for taxes and expenses These are low figures with safe estimates. For the sake illustration after renovation charged per night and had average yearly capacity would generate income thus increasing our net and ROI. With renovations and marketing capacity should increase but even based current figures the hotel sound investment. George Ames Senior Executive Broker The Nolen Group East Rainier Way Spokane Dear Ames appreciated having the chance speak with you over the phone this week excited move our investment venture forward and value your expertise and advice move forward the funding process. you are aware have been the real estate business for years and have been investing properties for nine those years have been solely responsible for their financing improvement and success now own eight income producing rental properties increasing net worth shows that adept finding investment properties and managing the continued investment. continue the growth business Montgomery and Associates Inc need funding from investment company like The Nolen Group Your commitment the success small businesses along with your innovative lending program assures that your company the right investment firm The flexibility guidance and experience that your group offers makes confident that can take own investments real estate development the right direction. positive that you will find proposal for room hotel Waterville good investment with high potential returns would greatly appreciate the chance meet with your investment team soon possible can begin negotiation the property and start the funding and development process. Sincerely Jake Montgomery President CEO Montgomery and Associates Inc jake montgomerydev com www montgomerydevelopment com
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