BEVERLY HILLS, CA—Lucent Capital has arranged $20 million in permanent financing secured by a portfolio of four ocean-front properties in Mexico on behalf of AMX Baja Holdings, a Mexican affiliate of Steadfast Companies.
Lucent Capital marketed the loan to both US and Mexican lenders and ultimately selected a Mexican development bank that provided the most favorable terms, including a 12-year fully amortizing term.
The collateral consisted of three hotels and a retail property:
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
