X-Caliber Funding And CastleGreen Finance Refinance Fairmont Breakers Hotel $122.2M

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.