Lenders Upbeat About Availability of Hotel Financing
At The Global Hospitality Investment Conference
New York, NY - November 14, 2012 - Speaking at The Global Hospitality and Lodging Investment Conference, Scott Silver, Chairman of Hospitality Funding said “It's a great time to borrow” on hotel assets. Fellow panelists from Goldman Sachs and GE Capital agreed that “borrowers are locking in long-term financing at record low interest rates in today's hospitality industry”.
The expanding availability of debt is clearing the inventory of distressed hotel assets the panel agreed, and is turning good deals, great deals. Mr. Silver's panel also discussed the increasing yet still conservative leverage levels being offered by today's lenders. “Value is more quantifiable today than it was a year ago and lenders are more comfortable” Mr. Silver stated after the panel concluded.
Other topics discussed during the conference included the use of EB5 Financing programs, and new equity and mezzanine financing structures.
Hospitality Funding was invited to speak at The Global Hospitality and Lodging Conference after arranging financing and equity for several major hotel acquisitions in 2012. “Our pipeline of expected closings before 2012 year end is growing” Mr. Silver commented.
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