X-Caliber Funding And CastleGreen Finance Refinance Fairmont Breakers Hotel $122.2M
210 East Ocean Boulevard
Hotel
Financed 76 days ago
Summary
The Fairmont Breakers Hotel & Spa, located at 210 East Ocean Boulevard in Long Beach, is a 185-key hotel property. The property was refinanced with a loan amount of $122,200,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $122,200,000
- Address: 210 East Ocean Boulevard
- Market: Long Beach
- Lender: Sal Tarsia - CastleGreen Finance; Chris Callahan - X-Caliber Funding
- Landlord: John Molina - Pacific Enterprises
- Loan Type: Refinance
X-Caliber Funding and CastleGreen Finance, led by Sal Tarsia and Chris Callahan, respectively, along with John Molina from Pacific Enterprises, have successfully refinanced the Fairmont Breakers Hotel & Spa in Long Beach. The financing of $122.2 million involved a unique approach that combined Historic Tax Credits and Commercial Property Assessed Clean Energy financing to enhance energy efficiency while preserving the historical significance of the property.
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210 East Ocean Boulevard
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