FRISCO, Texas, June 4, 2018 /PRNewswire/ — A $105MM construction loan originated by CLG Hedge Fund, LLC and financed by Beal Bank has provided the Sam Moon Group the capital needed to break ground on the new Hyatt Regency Stonebriar in Frisco, Texas, at Stonebriar Centre.
Grant Jenkins (Vice President, Staghorn Capital Partners), Anthony Sassine (Executive Managing Director, CLG Hedge Fund, LLC), Scott Frank (Principal, Staghorn Capital Partners), David Moon (Chairman & CEO, Sam Moon Group), Jay Riskind (President, The Riskind Group), Samuel Moon (President, Sam Moon Group), Michael Broadbent (President, Bedrock Group), and Daniel Moon (Vice President/General Counsel, Sam Moon Group) break ground at the Hyatt Regency Stonebriar.
Artist rendering of the Hyatt Regency Stonebriar (image by architect HKS, Inc., provided by Sam Moon Group)
“The Hyatt Regency Stonebriar is a milestone development for the city, and we are excited to have joined with the Sam Moon Group to bring this great facility to Frisco,” said Anthony Sassine, Executive Managing Director for CLG Hedge Fund, LLC. “This was a multifaceted financing arrangement, but we were able to work with the Moons and provide a creative solution to their financing needs with no syndication risk.”
“We were excited to work with Anthony Sassine, CLG Hedge Fund, and Beal Bank,” said Daniel Moon, Vice President and General Counsel of Sam Moon Group. “The entire Beal Bank team was extremely professional and respectful to the timing and complexity of our financing needs. Even post-closing, Anthony and his team have been a pleasure to work with.”
Scheduled for completion in early 2020, the Hyatt Regency Stonebriar will be part of Stonebriar Centre mall. The 18-story, 303-room hotel will feature an 800-space parking garage, a 54,585 square-foot conference center, and a 3,000 square-foot Frisco city library.
CLG Hedge Fund, LLC, headquartered in Dallas, Texas, is a custom lender that focuses on commercial real estate lending. We have a reputation for working closely with developers and investors to create deals that break the mold. Our innovative approach is thorough yet streamlined, offering loans from $50 million to over $750 million. CLG Hedge Fund, LLC is an affiliate of Beal Bank and Beal Bank USA. For additional information, please contact Anthony Sassine (email@example.com).
Anthony Sassine, Executive Managing Director
View original content with multimedia:http://www.prnewswire.com/news-releases/clg-hedge-fund-llc-originates-105mm-financing-for-hyatt-regency-stonebriar-300659243.html
SOURCE CLG Hedge Fund, LLC
To post and circulate your own press release on FIR and the eTN Network please click here