08/27/2025
need 1.9mm for motel
Loan Proposal: Motel and RV Park Acquisition
**Borrower:** guillermo acosta ([email protected])
**Date:** August 27, 2025
**Property Description:**
This proposal outlines a loan request for the acquisition of a Motel and RV Park situated on 6.03 acres of commercial land. The property features:
- **Motel:**
- 86 Studio room apartments (17 combined 1/1 and 69 Studio)
- Total 2.78 acres zoned Community Commercial.
- One main office.
- One laundry room (when completed, potential additional income of $700/month).
- One private well for water.
- Currently 13 out of 86 rooms rented.
- Current estimated rental income: $8,450/month.
- Projected rental income at 100% capacity: $55,900/month.
- Estimated yearly after expense (at 100% capacity): $368,940.
- Utilities (Gas, sewage, trash): Est. $1400/month.
- Electric: Est. $2000/winter, $7000/summer.
- WIFI: Est. $300/month.
- **Motel Building 1 (Front Building):**
- 9,948 sq ft, 2 story.
- 26 total rooms (13 top, 13 bottom).
- 2 maintenance rooms.
- 20 rooms currently rented.
- Current income: $12,435/month.
- Potential at 100% rented: $16,900/month.
- **Motel Building 2 (North Facing Building):**
- 8,208 sq ft, 2 story.
- 33 total rooms (20 top, 13 bottom).
- 2 maintenance rooms.
- All 33 rooms currently vacant.
- Potential at 100% rented: $21,450/month.
- **Motel Building 3 (East Facing Building):**
- 9,120 sq ft, 2 story.
- 27 total rooms (15 top, 12 bottom).
- 1 maintenance room.
- All 27 rooms currently vacant.
- Potential at 100% rented: $17,550/month.
- **RV Park:**
- 33 RV parking spaces (can add an additional 15 spaces).
- Total 3.25 acres combined with motel land.
- 26 spaces currently rented.
- Current income: $11,069.50/month.
- Potential at full capacity: $20,350/month (with long-term rentals).
- Landlord pays all utilities (water from well, electrical, sewage).
- No maintenance due to tenants owning RVs.
- **Additional Income Opportunities:**
- $450/month paid to motel from local restaurant for water.
- Another parcel of land included in purchase, rentable to a billboard company (located on Interstate 10).
**Location & Market Information:**
The property is located in Las Cruces, a growing area with a current population of 115,000, projected to reach 1.3 million by 2029. Las Cruces is identified as an affordable winter haven for snowbirds, with a significant senior population (17.2% over 65) driving economic growth. The average household income in the area is $68,000.
Major employers in the area include:
- New Mexico State University (NMSU)
- Holloman Air Force Base
- White Sands Missile Range
- Studio 360 (movie studio)
- Fort Bliss (nearby)
**Proposed Occupancy Plan (Conservative):**
- Year 1: 30% occupancy
- Year 2: 50% occupancy
- Year 3: 60% occupancy
- Year 4: 80% occupancy
- Year 5: 100% occupancy
**Funding Choices for Investors:**
The property can be acquired for $1,500,000. We are seeking:
1. A private money partner for a down payment for a wrap.
2. A private money partner for the entire project, including rehab costs.
3. Any combination of the above.
Ruben, who has local skills and experience, will manage the entire project, including construction and management.
**Loan Request:**
We are seeking a loan to facilitate the acquisition and potential rehabilitation of this income-generating Motel and RV Park property. The specific loan amount and terms will be determined based on the chosen funding option and investor partnership.
**Financial Projections & Returns:**
- ROI well above 20% (based on motel income alone).
- Projected annual income at 100% capacity (motel only): $368,940.
We are confident that this property presents a strong investment opportunity with significant upside potential. We are available to provide further details and discuss the specifics of this loan proposal.
