PROJECT INFO

Breakers Hotel Senior and Mezz Aquisition Financing

Finance Amount: $17,500,000

DESCRIPTION

$17,500,000 Bank bridge loan at 73% LTV, 45% LTC, and $6 million mezzanine loan at 98% LTV, 62% LTC 50% recourse, vacant assisted-living building to be converted to hotel, Long Beach.
Deal Type: Value Add Financing
Property Type: Hospitality
Year: Nov' 2017