Lending Portfolio
Transaction Details
Compass by Margaritaville will be a 14-story, 150-key oceanfront hotel. Located 15 miles from downtown Myrtle Beach, the project is strategically positioned in the family-oriented community of North Myrtle Beach, known for its world class sandy beach. Hotel features include a full-service restaurant, poolside bar, two spa-like indoor pools, an outdoor pool, and a 13-foot outdoor waterslide. The project sponsor is MIG Investments of MB.
Deal Basics
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location
Myrtle Beach, South Carolina
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loan amount
$68.5 Million
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loan type
Construction Loan
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property type
Hotel