Please join us for this informative webinar today. If you can not participate you can access the webinar through our sponsor. The link is the title to the webinar.
Hotel Financing Structures and Options in the Hospitality Industry Upswing
Leveraging CMBS Capital Market Financing, Preferred Equity, Tax Credit Funds and EB-5 Financing
The hotel industry is in an upswing as this cyclical industry continues to heat up and is one of the most active real estate segments in today’s economy. How can counsel pave the way for hotel clients to identify and negotiate financing deals?
While financing from traditional lenders is relatively scarce, savvy industry insiders are finding additional sources of financing and are driving a new era of innovation in real estate finance. Preferred equity investments, tax credit funds and EB-5 financingare common.
Commercial mortgaged-back-securities loans, historically an important hotel financing source, came back into play in recent years. New CMBS loans are more complex and difficult to navigate than before, but can be a critical source of financing for certain deals.
Listen as our authoritative panel of real estate finance attorneys guides you through the various financing tools and sources of money available for hotel financing, including CMBS financing, tax credit funds, EB-5 financing and preferred equity investments. The panel will also address legal issues that can present financing challenges in this post-recession environment.
Outline
- Pre-recession/recession
- Easy money
- Cleaning out the distressed properties and loans
- Current available sources of financing
- Private investor dollars (preferred equity)
- Tax credit funds (new market/historic tax credits)
- EB-5 financing
- CMBS capital market financing
- CMBS type loan structures and requirements
- Collateralizing the management and franchise agreements
- Comfort letters
- Subordinations
- Collateral assignments
- Bankruptcy remote organizational structures and covenants
Faculty
Bradley Kaplan, Partner
Ulmer & Berne, Cincinnati
Mr. Kaplan assists owners, operators and receivers of hotel, office and industrial properties with their real estate, finance, leasing, construction and organizational challenges; specifically, negotiating and drafting hospitality, purchase, sale, financing, leasing, construction, franchise and management agreements. He serves as general counsel and national real estate counsel to several domestic and internationally based public and privately held companies.