Fontainebleau Miami BeachFontainebleau Miami Beach

MIAMI BEACH, FL—Fontainebleau Development has closed on a fixedrate loan totaling $1.175 billion for its iconic FontainebleauMiami Beach hotel resort property here.

The refinancing deal was announced by Newmark Knight Frank. Thefixed-rate loan was provided by Goldman Sachs, Morgan Stanley andJP Morgan. Newmark Knight Frank vice chairmen and co-heads of debt& structured finance Dustin Stolly and Jordan Roeschlaub, alongwith Nick Scribani, Chris Kramer, Brett Wilburn and John Gallagher,worked with Fontainebleau Development to secure therefinancing loan funding.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.