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Madison Realty Capital, Newbond Holdings Provide $115M Refi for Santa Cruz Hotel

Ensemble Investments has secured $115 million in senior debt to refinance La Bahia Hotel & Spa, a 155-room luxury waterfront hotel that opened last year in Santa Cruz, Calif., Commercial Observer can

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Summary

Ensemble Investments has secured $115 million in senior debt to refinance La Bahia Hotel & Spa, a 155-room luxury waterfront hotel that opened last year in Santa Cruz, Calif.

, Commercial Observer can first report.

Madison Realty Capital and Newbond Holdings provided the debt, structured as a five-year, nonrecourse, floating-rate loan, while David Sonnenblick, principal and […]

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