BOSTON—JLL Capital Markets introduced that it organized $7.59 million in financing for The Sandbar Lodge, Trademark Assortment by Wyndham, a 121-key, limited-service, beachfront resort positioned in Myrtle Seaside, South Carolina.
JLL labored on behalf of the borrower, Linchris Lodge Company, to safe the primary mortgage refinancing via HarborOne Financial institution.
The Sandbar Lodge, Trademark Assortment by Wyndham is comprised of 4 separate buildings. The primary constructing and the adjoining “south constructing” include 88 whole guestrooms, the oceanfront constructing consists of 27 guestrooms, and there are two three-bedroom cottages positioned one avenue behind the principle constructing. Moreover, the resort consists of 4 one-bedroom residences and an extra parcel of land at present getting used for 28 parking areas.
The Sandbar Lodge is well-positioned for the shopper base of Myrtle Seaside’s 20 million annual guests. The resort is positioned in proximity to the Myrtle Seaside Worldwide Airport and plenty of vacationer points of interest together with seashores, eating places, and several other golf programs. Additional, the resort has facilities that embrace a heated indoor pool and scorching tub, an out of doors pool with a lazy river and scorching tub, a 24-hour enterprise middle, a 24-hour health middle, a breakfast space, and seashore entry. Previously a Finest Western Plus, the resort was rebranded to The Sandbar Lodge as a part of the Trademark Assortment by Wyndham in September 2022.
The JLL Capital Markets group was led by Senior Administrators Amy Lousararian and Henry Schaffer.