Shopoff snags $61M loan for homes, hotel in Huntington Beach

by TRD Staff

Shopoff Realty Investments has scored a $60.9 million loan to build 250 homes and a 215-room boutique hotel atop a former oil tank farm in Huntington Beach. The Irvine-based developer led by Bill Shopoff secured the senior mortgage loan from Lionheart Strategic Management to construct Magnolia Coast on 29 acres west of Magnolia Street and […]This article originally appeared on The Real Deal. Click here to read the full story.

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