Meineke Dealers Association

Luxury Resort

Closed $16,800,000 Loan with Newtek

Used for: Debt Refinance & Working Capital for Expansion

Family owned luxury resort was seeking capital in order to refinance high interest rate debt and gain working capital for expansion.

Newtek delivered $16,800,000 in conventional term loans, providing client with:
  • 25 year amortization (low monthly payments)
  • No post-closing financial covenants
  • Elimination of traditional construction loan requirements

Referral Source Payment - $126,000.00*

*Referral source payment may vary based on transaction terms and lending solution provided


Jon Schmidt
Sr. Vice President
Phone: (212) 273-8241