Sara Havlena
Arriba Capital
4400 N. Scottsdale Road, Suite 9-89
Scottsdale, AZ 85251
Tim Valaski, VP, Capital Markets
(630) 336-2858
tim@arribacapital.com
Arriba Capital closed a construction loan for an oceanfront Residence Inn by Marriott in Florida. The property will feature 137 extended-stay guest rooms. Building amenities include a lobby pool bar, meeting space, complimentary breakfast area, outdoor pool with ocean views, business center, fitness center, guest self-laundry and a sundry shop. The hotel is expected to open in the fourth quarter of 2025. The borrower is a Southeast-based development company and a repeat client.
Berkadia
4890 W. Kennedy Blvd., Suite 940
Tampa, FL 33609
Alec Fox, Associate Director, Mortgage Banking
(727) 871-9576
alec.fox@berkadia.com
Berkadia closed the $60.5M refinancing of Margaritaville Lake Resort, Lake of the Ozarks, a 520-key resort in Osage Beach, Mo., through Goldman Sachs Bank USA and Starwood Mortgage Capital. The five-year loan includes full-term interest-only payments at a competitive interest rate.
Concord Summit Capital
1450 Brickell Ave., Suite 2560
Miami, FL 33131
Kevin O’Grady, Chairman
(305) 417-6557
kogrady@concordsummit.com
Concord Summit Capital is working to close a $58M bridge loan for a mall in Phoenix that was rezoned into multifamily parcels. The bridge loan will give infrastructure dollars and the borrower already has buyers in place.
Fantini & Gorga
197 First Ave., Suite 120
Needham, MA 02494
Casimir Groblewski, Senior Managing Director
(617) 897-1146
cgroblewski@fantinigorga.com
Groblewski is working on the refinancing of an affordable housing deal in an urban neighborhood, as well as the financing for a to-be-built mixed-use (residential and commercial) project in greater Boston. When completed, the building will achieve the highest level of energy efficiency. The financing will be from a mix of private and state-sponsored sources.
Lantern Real Estate
101 Greenwich St., 11th Floor
New York, NY 10006
Tal Bar-or, Co-Founder
(917) 667-4450
tal@lanterncompany.com
Lantern Real Estate arranged financing for a large hotel in California coming off of a construction loan. The capital stack included senior financing, mezz and C-PACE.
PMZ Realty Capital LLC
200 W. 41st St., Suite 602
New York, NY 10036
Michael Sonnabend, Managing Member
(212) 277-8252
sonnabend@pmzcapital.com
PMZ Realty Capital closed a $15M bridge loan for a hotel in the Southeast with a life company lender. This is a refinance of a construction loan and the capital stack also included EB5 and pref equity.
PSRS
11911 San Vicente Blvd., Suite 390
Los Angeles, CA 90049
Jonny Soleimani, VP
(310) 471-1998
jsoleimani@psrs.com
PSRS closed $3.7M in bridge financing for the 16,921-s.f. Pointe West Plaza, a multitenant retail property in San Ramon, Calif. A debt fund provided the 12-month loan, which features no prepayment penalty. The borrower needed a quick close and Soleimani used a relationship lender to achieve this. Buyer broker Dennis Havrilla brought the deal to Soleimani.
Trillium Capital Resources
233 12th St., Suite 810
Columbus, GA 31901
Scott Taccati, President
(706) 221-7464
staccati@trillium-capital.com
Trillium Capital Resources is working on a multifamily deal that is in need of upgrades and improving the tenant base. In-place income will support a debt yield of 9%. Upon renovation, the debt will support a higher amount than the bridge loan. Total equity is 30%, however upon a refinance the equity is expected to be reduced to 20% or less within the next two years. This is made possible with higher rents, as well as a potential decline in rates.
