S-G picks $155m Vegas winner.Sonnenblick-Goldman Company, serving as exclusive financial advisor to Hotspur Hotspur: see Percy, Sir Henry. Hotspur Sir Henry Percy, so named for his fiery character. [Br. Lit.: I Henry IV] See : Irascibility Nevada Resorts Inc, has arranged $155 million of first-mortgage financing for the J.W. Marriott Las Vegas Resort & Spa at Summerlin, in Las Vegas, Nevada. The LIBOR-based, floating-rate loan, provided by Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , will be part of a larger securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. later this year. "This was a particularly complex financing given the combination of resort and casino uses," notes Robert Stiles Stiles can refer to: People
Developed at a cost in excess of $300 million and originally flagged the Regent Summerlin Resort, it was acquired by Hotspur Nevada Resorts in 2001. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion