Lending Portfolio
Transaction Details
Located at the western entrance of Walt Disney World in Orlando, Florida, the four new hotels at Flamingo Crossings include a 223-room Residence Inn by Marriott, a 273-room Fairfield Inn by Marriott, a 229-room Homewood Suites by Hilton, and a 272-room Home 2 Suites by Hilton. All hotels were developed simultaneously by hospitality real estate developer Doradus Partners. Justin Ownby, Adrienne Kautzman and Mauricio Rodriguez with Berkadia Commercial Mortgage LLC sourced the financing for the project.
Deal Basics
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location
Orlando, FL
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loan amount
$140 Million
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claim type
1st Lien
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loan type
Construction Loan
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property type
Hotel