I am engaged with a seller of a hotel and at the beginning it was made clear, the Hotel is being sold as a business and leasing land NNN. As I am just now entering into the hospitality ownership process. Does this alter the lending process for me as a buyer? It is a 21 year lease with mild escalations. It has a restaurant and cell tower that pays 70% of that lease. There is not a possibility of purchasing the land as it is owned in a large family trust. How does that look for underwriters and potential lending partners? Is this still lending the same as a hotel and land together? I have not engaged lenders yet in an attempt to understand what the restrictions would be or not to know if it something to pursue. Years ago I sold NNN Walgreens and other retail but they were buying the actual lease not the business. Thank you to anyone in advance for insight and guidance how lending works in these cases.