PSRS Arranges $35 Million Refinance For The Portofino Hotel & Marina In Redondo Beach

The Portofino Hotel & Marina is located at 260 Portofino Way in Redondo Beach, featuring a total of 161 hotel rooms along with marina and additional facilities. The recent refinancing secured for this asset amounts to $35,000,000, structured as a non-recourse loan with a seven-year, interest-only term.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $35,000,000
• Loan Type: Refinance
• Loan Terms: Non-recourse loan with a seven-year, interest-only
• Brokers: Ari Zeen & Michael Thorp - PSRS- Pacific Southwest Realty Services

Michael Thorp and Ari Zeen played a crucial role in arranging the refinancing for The Portofino Hotel & Marina. They structured the financing by combining senior and mezzanine components to effectively replace existing short-term debt, highlighting their expertise in the property financing market.