Seawall Beach Resort
2301 Seawall Blvd, Galveston, TX 77550, USA
312-key beachfront resort on the Gulf side of the seawall. Coastal windstorm premium rose 41% at last renewal; DSCR is below covenant and a hurricane repair reserve is not yet funded.
Call the relationship manager- Loan balance
- $24,500,000
- Risk rating
- Special mention
- Maturity
- Aug 1, 2027
- LTV %
- 74
- DSCR
- 1.09