Lightstone Closes $73 Million Financing for Moxy South Beach
Lightstone Closes $73 Million Financing for Moxy South Beach
MIAMI BEACH, Fla./ Dec. 10, 2018 (STL.News)
National real estate investor and developer Lightstone today announced the close of $73 million in financing from Canyon Partners Real Estate LLC® (“Canyon”) and CapitalSource, a division of Pacific Western Bank, to develop the 7-story, 202-key Moxy South Beach.
The financing package consisted of a $55 million senior loan from CapitalSource and an $18…
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