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Hotel

Newport Beach, CA

$20,750,000

PROPERTY TYPE

Hospitality

DATE

January 18, 2016

FINANCING TYPE

Permanent

George H. Mitsanas and Demetri M. Koston, both of Gantry have arranged permanent financing totaling $20,750,000 for a prime 25 acre property located in Newport Beach, California. The property is currently improved with a 405-room Hyatt Regency Hotel plus corresponding amenities including banquet and meeting facilities, a golf course, pools, and restaurants. While the loan funded in August 2008, Gantry arranged the loan in January 2008 via a forward commitment. Gantry arranged the financing on behalf of a life insurance company. Specific terms of the loan were not disclosed. Over the years Gantry has arranged a wide variety of major hotel financings throughout the nation.

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