Hospitality – Cocoa Beach, FL

$137MM • Cocoa Beach, FL

Transaction Highlights

  • PACE LTV of 27.9%

  • CLTV of 42.2%

  • Interest Only of 4 Years

  • 26 Year Amortization

c-PACE:

$137MM

Location:

Cocoa Beach, FL

Type:

New Contruction

building:

Hospitality

Term:

29 Years 

Status:

Closed

Project Description

Westin Cocoa Beach Resort & Spa

Driftwood Capital’s signature Westin Cocoa Beach Resort & Spa, a $420 million luxury beachfront new development on Florida’s Space Coast, is currently under construction with a planned opening in early 2027. This 502-room resort and spa represents Driftwood’s fourth hospitality project in Brevard County. The project was financed through a $207 million solution, which includes a $137 million C-PACE
loan paired with a $70 million senior construction loan.

CLOSED BY:

Bayview PACE
844-518-2343