Oklahoma investor Joey Abbo, who failed in his bid to buy the ailing Friar Tuck Inn in Catskill last year, says he's still interested in buying, if he has time to put the financing together. From the Times Union:
Abbo says he had been working with several commercial lenders to pay for the Friar Tuck deal, but he was not given enough time by the court to put a financing package together. He said he wanted an exclusive window of 60 to 90 days to close, instead of the 48 hours he was given to wire the money, which was supposed to total $5.3 million to also pay for auctioneer fees and unpaid taxes.
As with other real estate deals involving bankrupt hotels in the Catskills, the proof is in the pudding.
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