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We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
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skiz22285
subscriber Posts: 1
Edit I just noticed the Spelling sorry....
I am looking to buy a hotel for 3.4 million dollars. I have secured all the loans and so forth, now I need a escrow payment of 110,000 dollars. I'm at a loss where to find this money. My family and friends cant help there not wealthy by any means. I am willing to give equity in the business in order to get the funding. Any Ideas?
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Comments
You say you can't come up with what amounts to 3% of the purchase price but yet you found banks (or other unsuspecting lenders) to come up with millions of dollars in loans? Give me a break.