Hotel Sale A Sobering Reminder of Unsustainable Lending Environment
John McDermott of The Post and Courier has an article to remind us of the good ol’ days of blind underwriting/valuations/lending approvals. The example here is the Masters Inn in North Charleston that dropped in value 67% from 2008 to 2013.
Posted on August 14, 2013, in CHS, CHS Hotel-Retaurant-Hospitality, Commercial Real Estate, The Post and Courier, Transactions and tagged Hotel, John McDermott, masters inn, sale. Bookmark the permalink. Leave a comment.