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Hotelier Utilizes SBA 504 Loan to Acquire Property Despite COVID Crisis Share Article TMC Financing, an SBA 504 real estate lender, recently worked with hotel owner, Alex Patel, to secure $2.8 million in total project financing. The funds were used to purchase the much sought-after Americana Modern Hotel, located in downtown Redding, California. The Americana Modern Hotel “We were up against a tight closing deadline. Not only did TMC make sure all the paperwork was submitted properly, but also helped me secure 80% financing with a historically low interest rate, fixed, for 25 years – that is unheard of,” Patel explained. Redding, CA (PRWEB) January 12, 2021 TMC Financing, an SBA 504 real estate lender, recently worked with hotel owner, Alex Patel, to secure $2.8 million in total project financing. The funds were used to purchase the much sought-after Americana Modern Hotel, located in downtown Redding,

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