April 28, 2010

Meet the Money® Premier Hotel Conference- hotel preferred conference room rate extended until April 30

Yesterday my partner, Jim Butler, sent out an update (republished below) about the Meet the Money® Conference. Meet the Money® is a conference for lenders to the hospitality industry. If you have not registered yet, do it soon! The Meet the Money® Conference is the place to learn, listen and exchange ideas with a sophisticated audience to determine whether it is time to consider making loans to great properties that have been re-priced at lower, realistic values. See my last post about Meet the Money® here.

Meet the Money® is next week, May 3-5, 2010 at the Sheraton Gateway LAX hotel. Although our room block has sold out completely, the hotel has graciously extended our preferred conference room rate until April 30. There is still time to register for this "can't miss" event. We have one of the best lineups of hospitality industry leaders ever, and everyone you want to meet with will be there.

The tide has changed, and the "Game Changers" will all be at Meet the Money® -- Register Now! www.MeetTheMoney.com

Best regards,

Jim

P.S. Dress is casual, casual, casual.

Take a look at my www.HotelLawBlog.com
________________________________________
Creating legal and business solutions
for hotel owners, developers and lenders
in more than $60 billion of hotel transactions
around the globe.™

Jim Butler
Chairman, Global Hospitality Group®
Jeffer, Mangels, Butler & Marmaro LLP
1900 Avenue of the Stars, 7th Floor
Los Angeles, CA 90067-4308
(310) 712-8526 fax
(310) 968-4000 cell

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April 26, 2010

Guaranties 101: What is a Continuing Guaranty? What is the difference between a Guaranty of Payment and a Guaranty of Performance? Must a Guaranty have a Limit or Maximum Amount?

Payment of most commercial loans to small businesses is personally guarantied by the owners of the business. While there is no hard and fast rule as to when a commercial loan must be guarantied, most lenders ask for the owners to guaranty payment of credit extended to a corporate or limited liability company ("LLC") borrower. There are several good reasons for getting the guaranty.

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