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IPA Capital Markets Arranges .1 Million Monroe Hotel Recapitalization

In Brief: IPA Capital Markets arranged a $75.1 million mid-construction recapitalization for The Monroe Hotel, an 89-key hotel redevelopment at 3010 Collins Ave. in Miami Beach’s Faena District. IPA Capital Markets arranged a $75.1 million mid-construction recapitalization for The Monroe Hotel, an 89-key hotel redevelopment at 3010 Collins Ave. in Miami Beach’s Faena District.Bobby Werhane, managing director with IPA Capital Markets, led the transaction for the property’s ownership group, with support from Scott Raasch, an IPA Capital Markets senior director. Both are based in the firm’s Charlotte office.The financing structure includes four sources: $44 million in Commercial Property Assessed Clean…

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