gregorygarver.com

[Cheyenne]

I am a u.s. citizen and I want to buy a $2 million hotel on the Black Sea. Where does someone go to get international financing for real estate? This hotel is 2 years old and is waterfront on the Black Sea with millions of tourists swamping this area annually......a huge money maker for a hotel owner. Where does someone obtain financing to buy this hotel. Are there any investor/partners interested out there?

[NEOPIRATE]

Because commercial loans are controlled by the Ukrainian Finance Ministry, it has to be a bank registered with them. And that means a Ukrainian bank.Several large European bank concerns have branches in Ukraine. I work with Raiffeisen out of Austria, and their Ukrainian branches are called "OTP Bank".But be aware that as a non-citizen, you will need Ukrainian government approval to purchase there. You will likely be required to have a Ukrainian partner to buy a hotel, and it is likely you will pay more than the $2 million price in "gratitude".I will also warn that "millions of tourists" may be a bit misleading. Most of the people visiting the Crimea are ordinary Ukrainians and Russians, and you won't collect $200 a night for a stay. Do your market research.