Sacramento company purchases Super 8
Many of the motel properties in Carson City have come under financial duress due to declining occupancy and room rates brought about by several newer properties that recently have come on line, Ramos says. The Super 8 Motel at 2829 S. Carson St. was on the market for roughly 90 days, with several interested parties vying for the property, Ramos says. General Electric Capital Corporation sold the 63-room property to an undisclosed Sacramento-based operator for $800,000. “There are not a lot of lenders out there — if any — that will lend on these types of assets. The only financing they would consider is an SBA loan, where you have an owner-operated type of business. If lending was available you would see an increase of 10 percent in pricing, but because there is very little interest in lending it forces an all-cash deal, which tends to discount transaction price.quick cash loan reno - News
By The Northern Nevada Business Weekly Sale of the Super 8 in Motel represents the third distressed motel in Carson City sold in the past few years, says Len Ramos, first vice president of the multi-housing group with CBRE in Reno.
“There's nothing wrong with someone shifting to a credit union,” said Tom Cargill, professor of economics at the University of Nevada, Reno who belongs to a credit union owned by educators. “It's not a free lunch—nothing is a free lunch—but there are
In the third quarter of 2011, we drilled seven (7.0 net) cold horizontal producers at Seal, including our first drilling on the Reno-area properties acquired earlier this year. Our most common multi-lateral well design includes eight approximately 1400
While payments have remained current, future cash flows to service all debt under this relationship are beginning to come into question. For the first nine months of 2011, provision for loan losses was $21.6 million compared to $23.6 million for the

Their old house sold at a profit, allowing them to pay cash for their $300000 house. Without the expense of a mortgage, his wife could retire as a teacher; they paid off their car loans and sent their children to private school.
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