RANCHO PALOS VERDES, CA-Lowe Enterprises and JC Resorts have obtained a new $220 million first mortgage loan on its 582-room Terranea oceanfront resort.
The refinancing was secured before existing loans were due to mature and replaces all previous loans on the property. Eastdil Secured brokered the transaction.
Terranea Resort is situated on 102 acres of coastline just south of Los Angeles International Airport. The property was developed by Lowe Enterprises and is owned by a joint venture of Lowe and JC Resorts.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
