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  • $42,840,000

$42,840,000

Palm Beach, Florida: February 8th 2019: Robb Capital, LLC announced today they have arranged financing in the amount of $42,840,000 for the Le Méridien Dallas by the Galleria. Le Méridien is a luxurious 258 all-suite hotel, ideally located in the city’s premiere North Texas shopping district, just steps from the world-renowned Galleria Dallas Mall, art galleries, museums, thriving restaurant districts, shopping and entertainment.

-Loan Amount: $42,840,000
-Aggressively priced spread
-Amortization: 30 Years verse CMBS standard of 25
-Term: 10 Years
-Type of Program: CMBS Fixed Rate
-Loan to Value: 70% verse industry standard max of 65% for Dallas
-Total Rooms: 258 Suites
-Street Address: 13402 Noel Rd
-City & State: Dallas, TX 75240