CALABASAS, Calif., Aug. 2 /PRNewswire/ -- Countrywide Commercial
announced today the closing of a $140 million loan to The Belvedere Hotel
Partnership, an affiliate of Beverly Hills-based Probity International
Corporation, for the refinancing of The Peninsula Beverly Hills, a luxury
hotel located within walking distance of the prestigious business community
of Century City the world-renowned Rodeo Drive, and Beverly Hills' Golden
Triangle shopping district.
The Peninsula Beverly Hills is the only hotel in Southern California to
earn the distinction of an AAA Five Diamond and Mobil Five Star rating for
13 consecutive years. It is a 194-room, world-class luxury hotel with an
Italian renaissance architecture, furnished suites, guestrooms and villas,
some of which have individual balconies, patios, and whirlpool tubs. The
hotel also features the award-winning Belvedere restaurant, a roof-top
patio restaurant and pool, meeting rooms, and a newly renovated health spa.
Deepak Peruvemba, Senior Vice President with Countrywide Commercial
represented the company in this transaction.
Countrywide Commercial is an established player in commercial real
estate with offices in New York, Washington, D.C., Boston, Los Angeles,
Santa Monica, San Francisco, Miami, Atlanta, Chicago, Dallas, Denver,
Phoenix, Seattle, and Orange County.
Over 20 percent of Countrywide Commercial's loan production in 2006
involved hospitality properties. Approximately $1.47 billion and 93
hospitality loans were signed up in 2006. For more information on
Countrywide Commercial, please visit http://www.countrywidecommercial.com.
About Countrywide Commercial Real Estate Finance, Inc.
Countrywide Commercial Real Estate Finance, Inc., a provider of fixed
-- and floating-rate financing for multi-family and commercial properties,
is a unit of Countrywide Capital Markets, Inc. (CCM), a wholly-owned
subsidiary of Countrywide Financial Corporation (NYSE: CFC). Other CCM
business units include Countrywide Securities Corporation, a registered
broker-dealer specializing in underwriting, buying and selling
mortgage-backed debt securities; Countrywide Servicing Exchange, an
advisory and brokerage firm specializing in the transfer of bulk loan
mortgage servicing rights portfolios between third parties; Countrywide
Asset Management, a full-service company that acquires, services and
manages distressed residential mortgage loan assets for rehabilitation and
eventual sale; and CCM International, Ltd., and Countrywide Capital Markets
Asia, Ltd., distributors of American securities in the UK and Japan,
respectively.
Free Writing Prospectus Legend
Merrill Lynch Mortgage Investors, Inc. (the "depositor") has filed a
registration statement (including a prospectus) with the SEC (SEC File No.
333-142235) for the offering to which this communication relates. Before
you invest, you should read the prospectus in that registration statement
and other documents the depositor has filed with the SEC for more complete
information about the depositor, the issuing entity and this offering. You
may get these documents for free by visiting EDGAR on the SEC Web site at
http://www.sec.gov. Alternatively, the depositor, any underwriter or any
dealer participating in the offering will arrange to send you the
prospectus if you request it by calling toll free 1-866-500-5408.
SOURCE Countrywide Commercial Real Estate Finance, Inc.
 back to top
Related links:
http://www.countrywidecommercial.com
http://www.countrywide.com
CONTACT:
media, Ed Essa of Countrywide Commercial Real
Estate Finance, Inc., 1-800-796-8448, pressroom@countrywide.com
|
