Located on a 16-acre parcel surrounded by vineyards, the Carneros Inn will include a 96-room resort hotel, 24 luxury homes, as well as two restaurants, a spa facility and meeting space. Site grading and predevelopment work has begun, as has vertical construction on a portion of the site.
The Carneros Partners loan is the latest in a string of transactions that Buchanan Street Partners has arranged in the past several months. The investment bank reported a significant increase in loan volume for 2001, as the company arranged $814 million in debt and equity through 75 transactions last year. This figure reflects an increase of 98% above Buchanan Street's 2000 performance.
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