Bolton Capital delivered the term sheet and expects the deal toclose in the near future. "This is a very promising project," saidHoward Seidman of Bolton Capital. "We believe in the results itwill create for Lake Trop's bottom line, and we are proving ourbeliefs by delivering the right deal."
MPTV recently completed the refinancing of its Lake Tropicanaproject, enabling it to attract several quality lenders interestedin Phase I of Lake Tropicana's construction. Sources at MPTV saylenders recognize that the demand for timeshare properties outpacesthe supply of available units.
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