Lending Update: What hotels need to know about SBA opportunities
Financing is available for hotel projects—if you know where to look for it. The U.S. government, through the Small Business Administration and the Department of Agriculture, is a continuing option for hoteliers who are in the market for a loan. These government-subsidized programs go beyond PPP and offer enhanced opportunities for hoteliers. Join us as our panel of experts discusses the value propositions of SBA programs, how to finance ground-up construction projects, SBA-to-SBA financing and how to take advantage of USDA financing for hotels.
Alex Cohen CEO & Co-Founder Liberty SBF
Alex Cohen is co-founder and CEO of Liberty SBF, a nationwide small-balance commercial lender. With over 18 years of relevant experience, Alex previously worked in fixed income trading and portfolio management at M&T Bank, where he helped manage the bank’s multibillion dollar discretionary asset portfolio of mortgage-related securities. He also has past experience in middle market private equity.
Greg Porter Senior Vice President – Capital Markets HREC Investment Advisors
Greg Porter is a dedicated mortgage and structured finance specialist within HREC’s capital markets practice and leads HREC's Hotel Runway Capital program. Greg is a +25-year commercial real estate finance veteran with extensive experience in fixed-rate, floating-rate and mezzanine lending, with over $2 billion in financings completed. Greg previously owned and managed his own mortgage brokerage firm and held loan officer positions with lenders MC-Five Mile, Merrill Lynch, and Bear Stearns.
Elaine Simon - Moderator Senior Managing Editor Hotel Management / Questex
Elaine Simon is senior managing editor of Hotel Management and has been with the publication for more than 15 years. She also has written for a variety of other publications, both in and out of the hotel realm, during her more than 25-year career.