8/26/2004

Fairfield, Calif.'s Presidio Hotel Group has refinanced its Kauai Coconut Beach Resort in Kauai, Hawaii, with $26.8 million in first mortgage and mezzanine financing. New York-based Ramsfield Hospitality Finance was behind the deal, which pays off a short-term, $23 million bridge loan Presidio used to buy and renovate the 312-room beachfront property.

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