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Real Estate Rumors: Morlin, Walmart, Mack

Law360 (March 9, 2018, 6:17 PM EST) -- A joint venture of Morlin Hospitality Group and Butters Construction & Development has landed a $15.5 million construction loan for a Florida hotel project, The Real Deal reported on Friday. The loan from Mercantil Bank is for a project at 5730 N. State Road 7 in Coconut Creek, Florida, where the venture is planning to build a Residence Inn by Marriott hotel, Real Deal said. The companies paid $2.37 million for the 1.75-acre site last year, according to the report.

Walmart has sold a vacant property...
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