BridgeInvest Closes a $19.75 MM Acquisition Loan in West Palm Beach, FL

1st Priority Mortgage Loan

Loan Amount
Property Type
West Palm Beach, FL

BridgeInvest is excited to announce the closing of a $19.75 million acquisition loan that is senior secured by a 199-key hotel in West Palm Beach, Florida. Following the completion of a property improvement plan, the Sponsor will convert the hotel from a Holiday Inn to a Delta by Marriott.

Transaction Highlights:

  • Property improvement plan and brand conversion
  • Asset acquired out of bankruptcy
  • Highly experienced hotel operator
Transaction media