Industry News
Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues.
The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years.
The Dutch company's expansion has yielded disappointing results due to the weak economy, competition and the difficulties of exporting Western shopping concepts to a country steeped in different traditions.
A Jacksonville hotel missed paying its mortgage despite $5 million in help from the Hyatt chain.
Kerry Properties bought a luxury residential site in Kowloon Tong for a higher-than-expected price at a government land auction.
Commercial Mortgage Financing
Fairmont Capital is one of the leading commercial mortgage brokers and correspondent bankers in the region. Over time, Fairmont Capital has established lending relationships with the industry’s premier investors including savings banks, commercial banks, conduits/CMBS lenders, life insurance companies and pension funds, government sponsored entities, as well as construction lenders. These investors are based both in the United States and abroad.
Fairmont Capital provides a full range of real estate financing solutions along with specific capital advice and market knowledge to help our clients achieve their goals. These services include:
- Permanent Financing
- Bridge Financing
- Mezzanine Financing
- Credit Tenant Financing
- Construction Financing
- Joint Venture Equity
Fairmont Capital utilizes an experienced team of originators, processors, underwriters and placers to help focus on providing each client with a customized financing solution. We work in conjunction with each client to meet their specific goals and objectives. From small to large loans, Fairmont Capital has delivered results that have earned them the trust of their clients nationwide.
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