Monday, April 18, 2011

HFF arranges $30.75 million refinancing for Wild Dunes Resort in Isle of Palms, SC


 LOS ANGELES, CA – HFF announced today that it has arranged a $30.75 million refinancing for the Wild Dunes Resort (top left photo) a 1,600-acre luxury beach resort in Isle of Palms, South Carolina.

HFF worked exclusively on behalf of Lowe Enterprises to secure the five-year, fixed-rate loan through a life insurance company.  Loan proceeds are paying off existing debt on the property.

The Wild Dunes Resort is located at 5757 Palm Boulevard on the northern end of Isle of Palms about 11 miles from Charleston, South Carolina. 

Situated on two and one half miles of beachfront, the resort includes the 93-room Boardwalk Inn; two championship golf courses; the Sweetgrass Pavilion Conference Center; a “top-rated” tennis facility with 17 courts; The Grand Pavilion with 15,800 square feet of retail; six food and beverage outlets; and The Village Parking and commercial units, which includes 108 spaces and 13,700 square feet of retail. 

Also included in the collateral for the loan are 396 rental condominium contracts.

The HFF team that represented Lowe Enterprises included senior managing directors Paul Brindley (middle right photo) and Daniel Peek.

Lowe Enterprises, Inc. is a 39-year old privately-owned, vertically integrated real estate development, hospitality and investment advisory and management firm.  The company has developed, acquired or managed more than $16 billion of real estate assets.  Headquartered in Los Angeles, the firm has regional offices in Northern California, Southern California, Denver and Washington, D.C.

Paul Brindley, HFF Senior Managing Director, (310) 407-2100                                               
Daniel Peek, HFF Senior Managing Director, (305) 448-1333
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500

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