I am a real estate attorney in Florida with a client who is looking for construction loan financing for a new hotel (national franchise) in Florida. Client is developer with great background and history; however, hotel business is new. Looking for approximately 5 Mill with owner contribution approx 2 mill. Hotel is on long term land lease as anchor from public company. I would like nonrecourse loan. Anybody know of investors interested in this type of loan, please advise. Thanks

I have a few lenders that would do a loan of that size, however does your client have good finances, are there any outside factors that are going to be a problem? I would need to have more info about the senario to really be able to tell you.

REAttorney,

I have done this deal before....

I just have a few questions:
Where in FLA?
Is it going to be a flag hotel?
Any LOI's from franchises?

I have some other questions,but we could talk further if you cantact me.

I am a direct conduit lender for Wall Street money.
Let me know asap.

Do you all mind keeping us posted on your progress on this construction project. I would hate to see this one get away?

call me i will try and get this done. this seems very do able.

I am doing the same in Colorado. Would appreciate any information.

cy@cyyoung.org

reattorney,

I sent you an email. Recourse might be a bit tough with the lack of experience. If your client is open to partial or full recourse, I can get this project funded in three weeks. Either way, respond to me at your convenience, and if recourse is not an option, we can discuss nonrecourse to see I can help you or not.