$11.0MM OF TOTAL FINANCING

We are pleased to announce the closing of a $11,000,000 bridge loan to facilitate the "quick close" of a boutique hotel.

Beachrock has successfully closed a $11,000,000 bridge loan to facilitate the purchase of an unflagged boutique hotel.  Beachrock was able to source a lender that understood the underlying value of the property, despite the current ADR, which was significantly under market.  The lender provided the unique combination of a quick close, combined with a favorable rate that will allow the purchaser to comfortably hold the property while interior and exterior renovations are completed. 

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!