NEWPORT BEACH, CA—GlobeSt.com has learned exclusively that Los Angeles-based George Smith Partners has arranged a $51.4-million bridge loan for Lido Retail Group, an affiliate of DJM Capital Partners, for the complete renovation of the Lido Marina Village, a 123,391-square-foot, multi-block, mixed-use property on Lido Isle here. The property will be rebranded as an upscale boutique and restaurant destination unlike any currently offered in Orange County, according to GSP.

As GlobeSt.com reported in January, DJM, a private-equity investment, development and asset-management firm focusing on the retail sector, was set to begin work to restore Lido Marina Village beginning in February. The firm is developing the landmark so that it once again becomes an appealing shopping, dining and marina destination for locals and visitors, spending an estimated $16 million, GlobeSt.com has learned.

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