Are you able to fund my client for a hotel in Florida worth 8 million and they need 3.5 million. another hotel worth $40 million and the need 3 million for acquisition. How would I get paid on this with Kennedy? Thank you. — Tyrone H.
December 16, 2013
Yes we would be able to assist. Typical on hospitality properties we have the capability of lending anywhere from 50%-60% of the appraised value of the hotel.