Karlin provides $96m on western US resort properties

Karlin Real Estate has provided $96m in first mortgage debt to refinance three resort properties in Arizona and Colorado. The firm provided a three-year (with two one-year extension options) $50m senior loan to IMH Financial Corporation to refinance the L’Auberge de Sedona and the adjacent Orchards Inn in Sedona, Arizona; and a five-year, $46m senior loan to Grand Heritage Hotel Group on The Stanley Hotel in Estes Park, Colorado.