Fontainebleau Miami Beach has secured $975 million through a commercial mortgage-backed security to refinance its debt. This financing is part of a larger $1.2 billion debt package, which includes a mezzanine loan of up to $225 million. Additionally, the hotel is set to receive a $105 million equity infusion from Jeffrey Soffer, bringing the total funds raised to approximately $1.3 billion.
Fontainebleau Miami Beach, a luxury hotel established in the 1950s, is set to sell $975 million in commercial mortgage-backed securities to refinance its debt. The hotel aims to secure approximately $1.2 billion in total debt financing, which includes a mezzanine loan of up to $225 million.
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