Hotel - Atlanta, GA & Daytona Beach, FL

Closed: March 2018

UPB: $7,000,000

 

Loan Details

  • Loan was used to refinance existing loan
  • Sponsor pledged 2,199 acres of land as additional collateral
  • Recourse to multiple Sponsors
  • Lockbox in place for all collateral cash flow

Collateral Summary

  • 73 condo units and all common areas within a 322 unit condo-tel in Daytona Beach, FL
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