from today's Hotels newsfeed (7/29):
PKF Capital Launches Hotel Financing Program
PKF Capital -- Hotels, 7/29/2008 10:18:00 AM
"Moving to address critical financial needs in funding today’s hotel transactions, PKF Capital announced the launch of a Hotel Finance Program designed to help hospitality investors and owners secure funds required to purchase, refinance or renovate properties.
“Securing adequate capital is the primary issue today that determines whether a hotel deal succeeds or fails,” says PKF Capital Executive Managing Director Bob Eaton. “With our new program, we are moving aggressively to help our clients transact business. We are rounding out the suite of services that the PKF family of companies offers, from consulting, hospitality research, through brokerage.”" ...
"Bridge financing can also be made available through PKF Capital’s sources when owners are repositioning a property by reflagging it or by making property improvements and a period of improving cash flow is required in order stabilize the property’s permanent income.
Hotel refinancing is also a critical need today where properties’ current loans are maturing and borrowers need to find funds to refinance existing loans with permanent debt"......
for the complete story
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