Moonwater, Grammy Winners Recapitalize in Las Vegas
Moonwater, Grammy Winners Recapitalize in Las Vegas: Moonwater Capital and its equity partners including Grammy Award-winning musicians have recapitalized a seven-building, 611,248-square-foot portfolio of Las Vegas office properties. Citi Real Estate Funding and Barclays Capital Real Estate provided $116 million in financing for the transaction. A 10-year loan is preparing to make its way into a future offering on the commercial mortgage-backed securities market. Proceeds were used to retire existing debt on the individual buildings and buy out investors.