MIAMI—Driftwood Capital refinanced the Scottsdale McCormick Ranch, a resort property located in Scottsdale, Arizona. MetLife Investment Management, the institutional asset management business of MetLife, Inc., provided the refinancing loan totaling $115,000,000. Carlos Rodriguez Sr., chairman and CEO of Driftwood Capital, said, “Driftwood Capital and its affiliates are excited to replace the in-place debt with favorable terms as we near completion of the $40 million transformational renovation and revitalization of the Scottsdale McCormick Ranch Resort. We […]

The post Driftwood Capital Refinances the Scottsdale McCormick Ranch appeared first on LODGING Magazine.

This post was originally published on this site