WICHITA — Normally when a real estate deal happens, developers want recognition, or the people bringing a new business want attention.
Sheth says Rose Hill, which bills itself as “the hungry little bank,” gave Maize Hotel LLC a mortgage when no one else would.
“Even with good financial statements from everybody, banks are not even interested in looking at a hotel.”
Sheth says he and his partners have more than 30 percent equity in the project.
“And still nobody was interested,” he says.
“That’s why the economy’s not going anywhere. Nobody wants to lend money.”