We recently closed a $5-million hotel loan secured by a Hampton Inn in Florida. During property diligence, we noticed a $25,000 legal fee under the “professional expense” category on the profit and loss statement. Since we figured it was a one-time expense, we wanted to back it out of the … [Read more...] about 7.29.14: Predatory ADA Litigation of Major Concern for Hoteliers
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