(CNN) – JPMorgan Chase has joined a boycott of hotels owned by the Sultan of Brunei after the asian country introduced laws that punish gay sex with death. America’s largest bank is the second major.
The property is a 125-room limited service hotel built in 1998, and expanded in 2007. It is situated on a 4.455-acre site in Gulf Shores, Baldwin County, Alabama. Currently the property is operated as a Microtel Inn & Suites hotel facility. The property also includes 1.4 acres of excess land that is located in front of the hotel.
In particular, these provisions permit a hotel REIT to own a TRS that leases. Ask for a subordination and nondisturbance agreement from the REIT's lender.
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As you can see from our motels and hotels for sale (and closed sales), we offer a wide variety of opportunities for virtually every type of hotel investor. But, we are always in need of hotel real estate listings. If you are thinking of selling your hotel or motel, call us with your questions.
Non Recourse Commercial Loan · However, commercial real estate owners are becoming aware that they can reap the benefits of non-recourse loans. Since non-recourse loans are less risky for borrowers, they are in high demand among those who know about them. And, lenders are sometimes willing to extend non-recourse because it gets them a higher yield on their money.
Deutsche Bank said all nine properties in the brunei-owned dorchester collection would be excluded from the list of hotels its employees could use. Stuart Lewis, chief risk officer, said the laws.
TRENTON – The former asset manager for the city-owned hotel withheld ,828 of city funds to. Ong withheld the $67,828 when transferring remaining funds from a hotel bank account his company.
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Deutsche Bank said Thursday it had removed Brunei-owned Dorchester Collection group from the list of hotels its employees use, after the Asian nation adopted the sharia law, including the death.
Although the only limit is on the 2nd SBA loan to be 5 million (5.5 million if SBA green 504 with renewable energy program), the commercial lender may lend more than 50% of the project cost (or value). In that case, as the total cost of the project rises, the commercial lender may lend higher than 50% to maintain the combined loan to value at 85%.
BANK OWNED. Offered at less than $21K per key. Historically this property has been a steady revenue producer, but fell victim to recent flag change, high debt.
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