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Commercial Real Estate Direct Staff Report A group of lenders comprised of Goldman Sachs, Morgan Stanley, Barclays Capital, and Wells Fargo Bank is providing $970 million of mortgage financing against the 938-room Hotel Del Coronado in Coronado, Calif. The loan, ...
Madison-Desplaines Development LLC has paid $40 million, or $953.54/sf, for Coronado Plaza, a 41,949-square-foot retail center in Coronado, Calif.
Madison-Desplaines Development LLC has paid $40 million, or $953.54/sf, for Coronado Plaza, a 41,949-square-foot retail center in Coronado, Calif. The Lamesa, Calif., company purchased the property from an affiliate of Paragon Real Estate Investments of San Diego. The deal was ...
The Hotel del Coronado is encumbered by $475 million of debt that pays a blended rate of Libor plus 365 basis points. A $285 million senior piece of the debt is securitized throughDel Coronado Trust, 2013-DEL.The securitized debt matures in ...
MetLife Real Estate Investors provided $121.5 million of mortgage financing for the venture's purchase and planned renovation of the San Diego-area property. The loan has a floating rate and a five-year term.
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