Knighthead Funding originates $61m loan to refinance Puerto Rico resort

Knighthead Funding has provided a $61m first mortgage loan secured by Dorado Beach, a Ritz-Carlton Reserve in Dorado Beach, Puerto Rico. The 5-year, floating-rate, non-recourse loan from Knighthead Funding refinances maturing debt. Opened in 2012 Dorado Beach, a Ritz-Carlton Reserve (pictured), is situated in the exclusive gated neighborhood of Dorado Beach, on the former Laurence […]

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