Lending Portfolio
Transaction Details
Marriott Tribute Santa Barbara will be a 105-key, 4-story, boutique lifestyle hotel that will feature a rooftop bar with 180-degree views of the ocean and mountains and will be located within a five-minute walk to East Beach and close to downtown Santa Barbara. The borrower is Stratus Development Partners, a hospitality development firm based in Newport Beach, California.
Deal Basics
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location
Santa Barbara, California
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loan amount
30 Million
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loan type
Construction Loan
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property type
Hotel