LAGUNA BEACH, CA—Holliday Fenoglio Fowler, L.P. has secured a $21 million refinancing for The Inn at Laguna Beach, a 70-room, luxury, boutique hotel located along the Pacific Ocean.
HFF tells GlobeSt that it worked on behalf of the borrower, Grossman Company Properties, to secure the 15-year, fixed-rate loan with AXA Equitable Life Insurance Company through its advisor, Quadrant Real Estate Advisors LLC.
The HFF debt placement team representing the borrower was led by senior managing director Timothy Wright and managing director Scott Hall.
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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.
