Some owner operators include various expense items in the hotel financials. This makes the profits insufficient for financing at higher Loan to Value. Our challenge in these projects is to properly dissect the expenses and to determine what external expenses are included in the financials and what internal expenses are incorrectly categorized. More importantly our higher challenge is to substantiate the findings with proper documentation. In this project we accounted for over 100K of such expenses without which we would not have been able to reach the 75% Loan to Value.