CBRE's New Expert Secures Financing For Underserved Hotel Investment Market
October 25, 2018

CBRE's New Expert Secures Financing For Underserved Hotel Investment Market

CBRE is having a near record-breaking year in the execution of hotel deals — thanks in part to a newly established, rare role. 

Since joining the company in February, mortgage broker Manasvini Sridhar has increased the chances of small-business owners and first-time hotel operators to secure hotel financing. She acts as a middleman between the buyer and the lender and negotiates the terms of the loan agreement. 

The firm's hotel arm has completed 24 deals in Texas and Louisiana this year, and 40% of the transactions have been with owners who don't have experience with franchised hotels, according to CBRE. 

"We never had a debt person embedded on our team," CBRE Senior Partner Rahul Bijlani said. "It is less uncertainty and higher probability with having this type of integrated approach. [Sridhar] increases the likelihood that no one is wasting their time."

Finding Manasvini Last year, CBRE senior partners Michael Yu and Bijlani noticed a void in the hotel financing market. Many private investors needed assistance obtaining financing, specifically in the $25M tier and below. However, the duo didn't have a go-to mortgage expert…

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