$20 MILLION LOAN SECURED FOR THE RITZ-CARLTON DENVER

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DENVER — Transwestern Realty Finance Partners, a subsidiary of Chicago-based Transwestern Investment Company, has closed a $20 million mezzanine loan for The Ritz-Carlton in Denver. Located in downtown Denver, the 202-room hotel recently underwent a $136 million redevelopment program. According to Transwestern Realty Finance, the borrowers are Charles Biederman, Steve Roitman and James Cobb Jr. The investment was made on behalf of Transwestern Mezzanine Realty Partners III LLC, a fully-discretionary investment fund with more than $400 million in equity capital.

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