Filling the gaps in financing a hotel

02/11/2013 | Hotel Management online

Hotel developers who need gap financing should explore these options, this feature says. Borrowing from someone with cash available in his or her retirement account may be an option, as is offering junior lenders a secondary debt position with a higher interest rate than your first mortgage. Developers can also offer equity in the business to investors or facilitate a sale-leaseback of the building or land.

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