Quote:
Originally Posted by someone123
ANS reported tonight that the hotel already has financing, so they can proceed as soon as they get approval.
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Yeah I thought it was quite interested (no idea how common this is) that this is not going to be a conventional bank finance, but rather it is being done through a direct investment from a pension fund! They didn't say which fund, but regardless, I found that rather interesting, as that strikes me as unconventional, especially with something like a hotel construction financing.