Boca Raton Bridge Hotel Works Out Bankruptcy Deal
From South Florida Business Journal
Boca Raton Bridge Hotel Works Out Bankruptcy Deal
The owner of the Boca Raton Bridge Hotel has asked a U.S. Bankruptcy Court to approve a loan modification deal it reached with its secured lender.
Debtor Boca Bridge LLC was hit with an involuntary bankruptcy petition last year, and the case was later converted into a Chapter 11. It owns the 121-room hotel along with two restaurants.
The secured creditor, JMP Boca Bridge Lender, is owed $9.3 million in principal, plus interest and fees, according to court filings. Click here for the full story.
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