| Business Summary | | Banyan
Hotel
Investment
Fund
was
originally
established
to
invest
in
mortgage
loans,
principally
to
entities
affiliated
with
VMS
Realty
Partners,
that
were
collateralized
by
hotel
and
resort
properties.
Mortgage
loans
made
by
the
Company
were
for
initial
terms
of
three,
five
or
seven
years.
Since
its
inception,
the
Company
has
engaged
in
various
transactions
relating
to
its
mortgage
lending
activities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Banyan
Hotel
Investment
Fund
is
primarily
engaged
in
the
investment
in
mortgage
loans.
For
the
six
months
ended
6/30/01,
revenues
totalled
$53
thousand,
up
from
$19
thousand.
Net
loss
increased
18%
to
$46
thousand.
Revenues
rose
primarily
due
to
an
increase
in
interest
earned
on
cash
equivalents
received
from
the
sale
of
the
Venture
interest
and
the
sale
of
additional
capital
stock.
Loss
reflects
the
absence
of
equity
in
net
income
of
unconsolidated
Joint
Venture. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Harvey Polly, 71 Pres,
CEO | -- | Morton Kalb, 66 VP,
CFO | $56K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|