The Traderszone Network

Published in TZ Latest News 20 September, 2021 by The TZ Newswire Staff

Cheers: Soho Properties secures $317M refi on Margaritaville Resort

Soho Properties has closed on a $317 million refinancing of its recently completed Margaritaville Resort Times Square. The senior lender was Bedrock Capital Associates LLC, the real estate finance affiliate of One William Street Capital Management, and mezzanine funding came from South Korea’s Hana Financial Investment, the firm said in a statement on Monday. The refinancing was New York’s largest for the hotel industry this year, according to Soho Properties. The 70,000-square-foot, 234-key hotel opened

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