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Access here alternative investment news about Lightstone Group | Moxy South Beach
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Lightstone Group | Moxy South Beach

by therealdeal.com posted 1month ago 14 views
Lightstone just scored $73 million in financing to develop its Washington Avenue hotel in South Beach. The New York-based real estate investment company secured the financing from Canyon Partners Real Estate and CapitalSource. The funds will be used to build the first Moxy-branded hotel in Florida, a seven-story, 202-key hotel at 915 Washington Avenue. The financing package includes a $55 million senior loan from CapitalSource and an $18 million preferred equity investment from Canyon, according ... [more]

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