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Welcome Group Secures $36.8MM in Construction Financing for 194-Key Hotel Development in Pasadena

May 23, 20232 Mins read936
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LOS ANGELES –  JLL Capital Markets announced that it arranged $36.8 million in construction financing for 550-566 E Colorado Blvd., a 194-key, six-story hotel development in the Playhouse District of Pasadena, California. JLL represented the developer Welcome Group Inc., to secure the three-year loan with two one-year extension options. Welcome Group is ecstatic to build […]

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