In this case, our client, an experienced hotelier with a considerable portfolio, struggled to find traditional financing for a new acquisition due to the historical mismanagement of the property by the previous ownership. Juniper stepped in to quickly structure a loan for the acquisition and renovation of the property – the Ocean Crest Resort in Moclips. The loan will allow for the repositioning of the property as a high-end lodging option on the Washington coast.
Loan Type: Purchase
Loan Amount: $3,950,000.00
Region: Grays Harbor County, WA