jointventure: Opportunities For Recapitalizing Hotels
- 03/29/11 06:35 AM
There are about $40 billion of hotel properties that are distressed today, and more are expected to slip underwater by mid-year. These are not just large high-priced properties in upscale, urban core markets. The problem is widespread and exists to some degree in just about every market. Now that's a recapitalization opportunity for you if there ever was one! The fact is you no longer have to despair over lost commissions if you can't find conventional refinancing for a client's maturing loan because the property value is so low compared to the original debt. Selling a highly-leveraged distressed property at a (0 comments)