Real Estate/Development
Jul. 28, 2011
Real Estate Deals
A hotel company secured an $11 million loan for two Carlsbad hotels. The properties include the 41-room Beach View Lodge and the 48-room Beach Terrace Inn.
$11 million loan funds pair of hotels
A hotel company secured an $11 million loan for two Carlsbad hotels.
The properties include the 41-room Beach View Lodge and the 48-room Beach Terrace Inn.
Morgan Stanley provided the borrower, Carlsbad Beach Hotel Properties LLC, with a 10-year, nonrecourse loan with a 6 percent fixed interest rate.
Gary Goss of Cassidy Turley BRE Commercial's Capital ...
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