The Real Deal Miami

Laurus Corporation received $25 million loan for Sofitel Miami hotel purchase

January 28, 2013 12:00PM

Sofitel Miami

Los Angeles-based real estate investment firm Laurus Corporation received a $25 million loan for its recent purchase of the Sofitel Miami hotel, according to Torchlight Investors. The loan was for a three-year term for the acquisition of the property, which is located near Miami International Airport at 5800 Blue Lagoon Drive. The loans will be held in the portfolio of Torchlight Debt Opportunity Fund IV, the firm’s seventh fund targeting commercial real estate investments. Torchlight has launched nine investment funds; it has acquired $20 billion in commercial investments since 1995. —Alexander Britell