Bank Of America Provides $47M Refinance Loan For West Palm Beach Hotel

The property involved in this transaction is a hotel located at 380 Trinity Place in West Palm Beach. The property, owned by Driftwood Capital, was recently refinanced through a loan provided by Bank of America. The loan amount for this refinance was $47,000,000.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $47,000,000
• Lender: Bank of America
• Developer: Driftwood Capital
• Brokers: Michael Weinberg, Scott Wadler, and Edmund Aramayo of Berkadia
• Loan Type: Refinance

The loan for the hotel refinancing was facilitated by Michael Weinberg, Scott Wadler, and Edmund Aramayo, who acted as brokers for Berkadia. Their expertise and negotiation skills were essential in securing the loan from Bank of America on behalf of Driftwood Capital.