Luxury Boutique Hotel – Palm Springs, CA

Features of this transaction:

  • 3-year interest-only bridge, non-recourse debt. Unique asset in a premier location with  strong upside potential.
  • Part of a $28MM capitalization. Highly structured transaction including: leasehold mortgage, fee mortgage, mezzanine loan, and preferred equity positions.
  • Overall embedded leverage of 83% LTC.
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