Windsor Gets $165M Starwood Loan

Windsor Capital Grouphas secured a five-year $165 million loan fromStarwood Property Trust,The Wall Street Journalreports. ThePatrick Nesbitt-controlled company seeks to use the proceeds to repay a delinquent loan held byJonathan Eilian, whoseAtrium Hotelshad scheduled a foreclosure auction for 18 hotels owned by Nesbitt.

Nesbitt used the $74 million of the Starwood loan and $22 million from the sale of an apartment complex in California to pay off Eilian’s loan. Eilian had acquired the mezzanine loan on Nesbitt’s hotels in January fromGoldman Sachs.

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