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Monday, 27 June 2016

BankUnited Lends $41.79Mln Against Clearwater Beach, Fla., Hotel

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BankUnited has provided $41.79 million of mortgage financing against the 390-room Sheraton Sand Key Resort in Clearwater Beach, Fla.

The fixed-rate loan, which was arranged by HFF, matures in 2021.

It replaced a $29.9 million loan that was securitized through Morgan Stanley Capital I Trust, 2011-C3, and had become open to prepayment last month.

The 41-year-old collateral property, at 1160 Gulf...

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Miami
  • States: Florida
  • Sector: Hotel & Resort
  • Subject: Mortgages/Financing (MOR)
  • Deal Name: Morgan Stanley Capital I Trust, 2011-C3
  • Valuation: Between $25 million and $50 million
  • Private: Yes
  • bloombergDealName: MSC 2011-C3
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Orest Mandzy

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