The Goldman Sachs Group Completes $112.5 Million Mortgage Loan to Ohana Real Estate Investors Affiliate

May 31, 2018

BSRECP III Joint US Origination, L.L.C., a fund managed by a subsidiary of S&C client The Goldman Sachs Group, Inc., together with certain other subsidiaries and managed accounts of Goldman Sachs, completed a $112.5 million mortgage loan to an affiliate of Ohana Real Estate Investors, a hospitality-focused investment and development company.

The borrower will use the proceeds of the loan to construct and develop Montage Healdsburg, a planned resort and residential community on 258 acres in Healdsburg, California. An affiliate of Montage Hotels & Resorts, an ultra-luxury hotel and resort management company, will operate the resort.

The S&C team advising BSRECP and its affiliates was led by Anthony Colletta, along with Adam Sofen, Danielle Schulweis and Elizabeth Marsh. Andrew Mason and Max O'Neill advised on tax matters.