News
Goldberg Kohn real estate lawyers represented Western Alliance Bank in connection with a $60 million mortgage refinancing for Braemar Hotels & Resorts secured by The Ritz-Carlton, Lake Tahoe, a 170-room luxury resort in Truckee, California. The transaction closed in October 2026.
The financing replaces an existing $43.4 million mortgage on the property and includes the potential for Braemar to access an additional $15 million in future funding, subject to certain conditions, bringing the total potential financing to $75 million. The loan has an initial three-year term with two one-year extension options, subject to the satisfaction of applicable extension conditions.
"We are pleased with the execution of this refinancing, which extends the debt maturity on one of our premier luxury assets and capitalizes on tighter interest rate spreads in the market," Braemar President and CEO Richard J. Stockton said in a statement.
Goldberg Kohn’s team was led by Real Estate Principal Adam Laser and Associate Matthew Hohman.
