The Albany Lodge has recently been pre-qualified for Wells Fargo SBA lending with the following lending terms;
• LTV - 90% on the real estate, 85% on the business assets / intangibles
• Term – this will be determined by the final asset allocation on a letter of intent or purchase agreement (currently will be between 20 and 25 years)
• Rate – 25 year fully fixed available (to be determined at the time a buyer is located
The Albany Lodge is a very profitable year round destination resort located at the base of the Snowy Range Mountains just 32 miles west of Laramie, WY. Bordered by the Medicine Bow National Forest and its 1M acres of recreational opportunities including snowmobiling, skiing, mountain biking, fishing, hiking and hunting. The property consists of; The main lodge which includes a restaurant, bar, convenience store with package liquor, office and restrooms. A 2 story, 9-room motel with laundry. Retail rental, service/repair & warehouse (snowmobiles & ATV’s). The 384 SF Small Cabin, The 1,925 1.5 story Brown House, The Albany Suites a 868 SF 2 unit rental cabin, a 1,044 SF storage barn, The 1,144 SF White House (3 BR, 1 BA), & The 1,152 SF Rose House (3 BR, 2 BA). All on 2.49 acres.