Driftwood Capital, a fully integrated commercial real estate company, successfully arranged the $60.5 million refinancing for Margaritaville Lake Resort in Osage Beach, Missouri. The 520-key resort was financed through Goldman Sachs Bank USA and Starwood Mortgage Capital by Managing Directors Michael Weinberg and Scott Wadler of Berkadia South Florida along with Associate Director Alec Fox.
The five-year loan offers competitive interest rates and full-term interest-only payments. According to Carlos Rodriguez Jr., President & COO at Driftwood Capital, the acquisition and repositioning of Tan-Tar-A Resort into a Margaritaville hotel has resulted in over 50% increase in revenue which exceeded their initial expectations.
Margaritaville Lake Resort is situated at 494 Tan Tar A Drive offering various amenities such as a full-service marina, championship golf course, indoor water park , spa ,and seven restaurants/bars . This financing deal follows closely after Driftwood’s successful $60M refinancing for Hilton Cocoa Beach located on Florida’s Space Coast .
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