CARLSBAD, CA—Debt broker Meridian Capital Group has negotiated a $100 million bridge loan for the refinance of a six-property hotel portfolio located in Florida, Texas, North Carolina and Minnesota, on behalf of a Los Angeles-based private equity fund.

The three-year initial loan term, provided by a New York-based debt fund, features a floating-rate, interest-only payments for the full term, and two one-year extension options. This transaction was negotiated by Meridian managing director, Seth Grossman, and vice president, Sarah Kuebler, who are both based in the company's Carlsbad office. Grossman and Kuebler also arranged the acquisition financing for the same portfolio in 2012.

The portfolio is composed of the following six hotels: DoubleTree Suites by Hilton Hotel Tampa Bay located at 3050 North Rocky Point Drive West in Tampa, FL; Embassy Suites Boca Raton located at 661 NW 53rd Street in Boca Raton, FL; Sheraton Suites Fort Lauderdale at Cypress Creek located at 555 NW 62nd Street in Fort Lauderdale; Holiday Inn San Antonio located at 77 NE Loop 410 in San Antonio; DoubleTree Suites by Hilton Hotel Raleigh – Durham located at 2515 Meridian Parkway in Durham, N.C.; and Embassy Suites St. Paul located at 175 East 10th Street in St. Paul, MN.