Mineral Resort & Spa And Wild Turkey Golf Club Secures $68M Refinance Loan From Deutsche Bank For Crystal Springs Resort

The transaction involved Crystal Springs Resort, a 485-room hotel-condo complex located at 3621 State Route 94 in Hamburg, New Jersey. The property is part of a larger resort that includes Mineral Resort & Spa and Wild Turkey Golf Club. A loan amount of $68,000,000 was secured for refinancing purposes, with loan terms specified as nonrecourse.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $68,000,000
• Lender: Deutsche Bank
• Landlord: Mineral Resort & Spa & Wild Turkey Golf Club
• Brokers: Jordan Roeschlaub & Nick Scribani - Newmark
• Loan Type: Refinance
• Loan Terms: nonrecourse
• Market: Hamburg
• Keys: 485

Jordan Roeschlaub and Nick Scribani from Newmark represented the interests of the parties involved in this refinancing deal, facilitating the loan arrangement with Deutsche Bank. This transaction adds significant financial backing to the existing operations of the Crystal Springs Resort hotel-condo complex.