The Williams Bennett Hotel Development Co. has identified a historic bank building that could be converted into a hotel. The location is in the heart of downtown Smithton, a densely populated metropolitan city. The structure was designed by an acclaimed architect and built in 1913. The fifteen-story building will be transformed into a chic boutique […]
Patrick Clark is a young entrepreneur who wants to open a restaurant in San Francisco, California. Because real estate prices are very high, he is not able to secure enough equity to present to lenders to convince them of the viability of his project. A friend of his, Jack Rosse, owns an auto parts store […]
Frank Douglas, a real estate developer, just finalized a major deal with Turner County to develop a major hotel/luxury condominium/golf/conference center/ residential mixed-use development on land owned by Turner County. The development is proposed to include a 150-room five-star hotel, 75 luxury 2,500 sq. ft. condominium units, an eighteen-hole championship golf course, and 360 residential […]
Joseph just finished talking to five different bankers regarding a loan for his limited-service hotel. He needs $100,000 for a renovation project. However, with his current credit rating, he can only secure a loan of $75,000. Knowing that he has future contracts coming in with a few long-time corporate customers, he hopes he will be […]
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