The non-recourse loan enables the borrower, Historic TramwayTower LLC, time for its tax credits to be fully vested. Thefinancing also allows the property to be fully stabilized beforerolling into a 10-year, fixed-rate loan.

The 116-room, 10-story Hotel Teatro includes two restaurants,Kevin Taylor's and Jou-Jou. The hotel is at 1100 14th St. Localdevelopers Jeff Selby and Michael Brenneman opened the hotel inlate 1998.

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