Anyone have a motivated hospitality/resort seller? I have a buyer looking nationally right now.
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[{"id": "fmu3l31", "text": "from my experience, it will be virtually impossible to get any hospitality acquisition financed right now., If your buyer is all cash, then youve got a potential deal to put together, but if he wants any debt, you might not have a ton of luck there. not trying to discourage, thats just the market right now", "replies": [{"id": "fmu5x6a", "text": "Who knows, maybe this buyer wants to convert a resort into a mansion?", "replies": [], "depth": 2}, {"id": "fmvwif6", "text": "I agree with Bill, all the lenders I talk to are scared shitless about their hospitality loans, the last thing they want right now is to increase their exposure.  I was an a webinar the other day and someone said that a special service for CMBS told them that they expect 700 of their 900 hospitality loans to default.  I think the best thing is tell your client to wait and start talking to a lot of banks and hopefully get some short sales after the loans have defaulted.", "replies": [], "depth": 2}], "depth": 1}]