New York-based Torchlight Investors provided the buyer of the Sofitel Miami hotel with a $25 million in debt financing, the investment advisor said Monday.
The firm provided the loan to real estate investment company Laurus Corporation for the hotel purchase, which was originally announced in December. Part of the money will be used for an improvement plan for the 10-acre property at 5800 Blue Lagoon Dr.
Torchlight Investors said the loans will be held in a fund targeting commercial real estate debt investments.
Investment firm announces loan for purchase of Sofitel Miami
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Investment firm announces loan for purchase of Sofitel Miami
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Investment firm announces loan for purchase of Sofitel Miami
