Banks team up on $795m refinance of Miami’s ‘Fountainebleau’

Goldman Sachs and Bank of China have provided a $795 million refinancing on the Fountainebleau Miami Beach hotel in Miami, Florida. The banks each provided $397.5 million on the 1,179,177 sq ft resort to the property’s owner Turnberry Associates, according to Miami-Dade records. The new mortgage refinanced an existing $535 million loan and provided an additional $260 million in funding. The previous […]