Just saw a comment that mentioned this was real estate, similar to a waterfront hotel.
An operating water front hotel in San Francisco probably trades at a 4% cap rate. SBA rates right now are at like 11%. Commercial real estate loans are probably like 8%. I find it very unlikely the numbers would pencil.
Just saw a comment that mentioned this was real estate, similar to a waterfront hotel.
An operating water front hotel in San Francisco probably trades at a 4% cap rate. SBA rates right now are at like 11%. Commercial real estate loans are probably like 8%. I find it very unlikely the numbers would pencil.