MetLife Investment Management has provided $92.5 million of financing against the 215-room Cape Rey Carlsbad Beach and 161-room Hilton Garden Inn Carlsbad Beach in the San Diego suburb of Carlsbad, Calif. The five-year loan, which requires only interest payments for two-and-a-half years, after which it amortizes, was arranged by Berkadia Hotels & Hospitality. It allowed […]

The post MetLife Lends $92.5Mln for 2 Southern Calif. Hotels appeared first on Commercial Real Estate Direct.