RHF originally funded a mezzanine construction loan for an experienced hotel developer to facilitate the complete redevelopment of the Margaritaville Resort, Lake Conroe, located just north of Houston, TX. Following a successful delivery and opening, RHF refinanced the resort with a $72,500,000 first mortgage loan. The first mortgage loan allows the borrower to continue their ramp and stabilize performance.
With a waterfront location on Lake Conroe, the resort boasts a private beach and marina along with multiple F&B outlets, a water park, multiple pools, a golf course, a spa & fitness center, and a 62,000 SF conference center. The resort benefits from being the only four-star, family property in an area easily drivable for a population of over 23,500,000.