MIAMI—Carlyle Group just secured a $25.9million loan for its Islamorada Resort in the Florida Keys. TheBank of the Ozarks made the loan on the boutiqueocean front hotel. Loan proceeds will be used toupgrade the resort.
The HFF capital markets team representing theborrower was led by directors Max Comess andChris Drew. Analysts Maxx Carneyand Alexandra Lalos of HFF's Miami office alsoworked on the deal.
“This financing provides further evidence of the unprecedentedliquidity across the capital stack for hotels thatexists in the market today,” Drew tells GlobeSt.com. “There hasnever been a better environment for strong borrowers to consumecapital.”
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