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Outside The Region
Posted: December 26, 2023
Blanton of Largo Capital secures mortgage for Holiday Inn
Orlando, FL Ben Blanton, vice president, originations at Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on a Holiday Inn. The 68% LTV financing was secured through a regional lender.
The 10-year term was structured with the first 5 years fixed followed by a rate reset prior to a second 5-year fixed-rate term. The new loan included cash out above the existing loan amount to reimburse a recently completed PIP that was funded out of pocket.
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Kasowitz gets dismissal of lawsuit against developer of American Dream Mall
East Rutherford, NJ Kasowitz, on behalf of the developer of the American Dream mall and its affiliates (the American Dream defendants), has secured the dismissal of state litigation brought by the project’s successor junior
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