Southfield, MI-based International Commercial Finance is providing the financing for the Irvine, CA-based MPTV. "We've all been working very hard to get this loan closed on schedule. We are almost 100% there," says Eli Shalom, CEO of International Commercial Finance. "We fully expect to have all of our documentation in order and to close by the end of business on Tuesday."
MPTV is ready to move on the first phase of the undertaking. The plan calls for an extensive remodeling, from units to amenities, including the swimming pool, tennis court, spa and recreational center. The 22-building Lake Tropicana is the primary asset of MPTV's subsidiary, Consolidated Resort Enterprises Inc., which is overseeing the project.
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