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.

About charlestonCREblog

30 years' in the commercial real estate biz - investment sales, consulting, banker, appraiser, brokerage. Trained in Atlanta and moved to the Lowcountry in 2008 and now sharing offices in Charleston and Jacksonville, FL. Exclusive listings, buyer representation, and consulting/analysis to help clients make the best commercial real estate decisions.

Posted on August 14, 2013, in CHS, CHS Hotel-Retaurant-Hospitality, Commercial Real Estate, The Post and Courier, Transactions and tagged , , , . Bookmark the permalink. Leave a comment.

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