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JLL arranges $103.5M financing for Hyatt Regency Ontario repositioning
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JLL arranges $103.5M financing for Hyatt Regency Ontario repositioning
JLL Capital Markets has arranged $103.5 million in tax-exempt bond financing for the repositioning of a 295-key Hyatt Place Ontario/Rancho Cucamonga in Ontario, CA. The financing structure combines $77.1 million in tax-exempt hotel revenue bonds and $26.5 million in tax-exempt C-PACE bonds. JLL worked on behalf of the borrower, National CORE, to secure the financing, with J.P. Morgan as the bond underwriter and GreenRock as the C-PACE administra…
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