$55M Bridge Loan to stabilize a newly built, full service, independent beach front hotel in Daytona Beach, FL
- Loan Amount
- $55,000,000
- Property Type
- Hotel, Bridge Loan, Hospitality
- Area
- Daytona Beach, FL
- Purpose
- Bridge Loan
- Brand
- N/A
First Financial Capital has closed a $55M bridge loan to stabilize a newly built, full service, independent, beach front hotel in Daytona Beach, FL. The 560k square foot property has 456 guest rooms, 11,716 square feet of meeting space and 3 full service F&B outlets. Additionally this project includes a 165k square foot garage with over 500 parking spaces. We fully funded the transaction in 45 days.
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