JLL Capital Markets worked on behalf of EKN Development Group to secure financing for the 215 key hotel
In December, Peachtree Group achieved a significant milestone by securing $150 million in Commercial PACE (CPACE) financing, approaching $0.75 billion completed since its inception in 2019.
Baxter Hotel Group plans to begin construction on its 16-story, dual-branded hotel this month and expects a 22-month construction timetable.
JLL worked on behalf of the borrower, JMA Ventures, LLC, to secure the acquisition loan from MetLife Investment Management, a lender with an expertise in hospitality lending, led by Mike Pace, Mike Coen, and Dan McKenzie.
JLL Capital Markets announced that it arranged $36.8 million in construction financing for 550-566 E Colorado BLVD., a 194-key, six-story hotel development in the Playhouse District of Pasadena, California.