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3/29/19
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Colorado-based McWhinney has secured $170 mil in financing for the Great Wolf Lodge, a nine-story water park resort in the OC city of Garden Grove. The financing was arranged by Berkadia.
The 105k sf Great Wolf Lodge is situated on 12 acres of land and is located two miles away from Disneyland and the Anaheim Convention Center. The property features 603 rooms, which can accommodate 3,000 guests, a 30k sf conference venue and 18k sf of retail and dining, including seven restaurants, a bowling alley, a miniature golf course, a kid’s spa and arcade.
Berkadia’s Andrew Coleman and Mauricio Rodriguez arranged the 10-year fixed rate, full-term, interest-only loan through Wells Fargo’s CMBS platform. It is the first 10-year fixed rate loan ever closed on this asset type. The deal closed on March 11.
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