Landmark Capital is pleased to announce the successful closing of a $49,000,000 construction loan in Los Angeles, CA. Loan proceeds will be utilized to build a Hyatt House Hotel located in the heart of the Health Sciences Campus of the University of Southern California. The mixed-use project consists of a five-story full-service hotel, retail, and a conference center. The hotel totals approximately 200 keys, which will consist of a mix of extended-stay and traditional hospitality.
Landmark Capital identified a private debt fund lender that combined extensive hospitality expertise with the sophistication to manage the complexity of a ground lease and a capital structure that included EB-5 funds.