The Balfour Hotel
Update
10/04/22
$20M Loan Provided For The Acquisition Of The Balfour Hotel Miami Beach
Madison Newbond, the institutional lending platform of Madison Realty Capital and Newbond Holdings that provides first mortgages, mezzanine loans and preferred equity to hotel owners and developers nationwide, has provided a $20 million loan to FullG Capital’s equity sponsorship group for the acquisition of the Balfour Hotel Miami Beach, an independent boutique hotel located in Miami Beach, Florida.
The Balfour was originally built in 1940 and then renovated in 2021. The 81-room hotel consists of two buildings along Ocean Drive in Miami Beach’s upscale South of Fifth neighborhood.
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