Driftwood Capital Secures $115M Refinancing For Scottsdale Conference Center Resort

Driftwood Capital has secured $115 million in refinancing for the Scottsdale McCormick Ranch, a conference center resort located at 7700 East McCormick Parkway in Scottsdale, AZ. The property, owned by Carlos J. Rodriguez, offers a conference center and resort amenities in a prime location.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $115,000,000
• Lender: MetLife Investment Management
• Landlord: Carlos J. Rodriguez - Driftwood Capital

MetLife Investment Management provided the refinancing loan for the Scottsdale McCormick Ranch. Carlos J. Rodriguez, representing Driftwood Capital, successfully secured the $115 million loan for the hotel property. This refinancing will provide financial stability and support for ongoing operations and improvements at the conference center resort.