RENO, Nev. (KOLO) – A historic Reno motel will be getting new renovations thanks to financing from a private money lender.
NV Capital Corporation will be closing financing for the renovations on the Lucky Motel located at 1011 E. 4th Street.
The borrower, FBGM Investments LLC, secured a $2 million first position loan, as well as a $1 million second position loan from NV Capital to revitalize the 8,555 square foot 23-unit property originally built in 1954…