First National provides financing for both flagged and boutique hotel and resort operations with proven occupancy rates that result in sufficient cash flow to support the newly anticipated debt level. We will provide financing to hospitality operations located within the continental United States. On a limited basis, and under specialized circumstances First National will provide financing for destination off-shore resorts.
Lending to hospitality is a directed asset class that Fist National focuses upon. With the ability to underwrite and service all of its hospitality loans First National provides the borrower an advantage of dealing with experienced bankers.
First National finances the entire hotel operation. We look at hotels as an ongoing operating business and include furniture and fixtures as well as equipment in our finance analysis.
The seasonal nature of the resort finance arena creates special analytical issues for Lenders. We understand this asset class well along with the myriad revenue generators for destination resorts.
Residential university housing is an asset class containing unique cash flows. Campus life at most colleges revolves around the quality of student housing.
The nature of hospitality for inner-city development is demographically, historically focused. First National has a focus group directed at boutique hotel operations.