Billionaire Jeffrey Soffer, chief exec of Turnberry Associates, refinanced the mortgage on the famous Fontainebleau Hotel. The new $535 million mortgage includes $123 million of fresh capital. Soffer and partners are believed to be close to a deal to buy back the 50-percent stake in the storied Rat Pack resort sold to Dubai World in 2008. [Real Deal Miami; The National; previously]
Filed under: