Santa Cruz, CA
|Our Role||Lead Arranger|
KeyBank Real Estate Capital has provided a $55 million CMBS, first mortgage loan to Dream Inn, a beachfront hotel in Santa Cruz, CA. The property is a four-star, independent boutique hotel with 165 rooms.
John Loshbaugh of Key’s Commercial Mortgage Group arranged the non-recourse, fixed-rate financing with a 10-year interest only term. The loan was used to refinance existing debt.