At a glance
- Commercial Observer first reported the loan.
- South Street Partners and Brighton Real Estate Ventures are developing the 54-acre site at 7350 Hwy 99, with 56 casitas and 285 RV pads expected to finish in early 2028.
- The loan works out to about $111,000 per site across 341 sites, a figure that debt funds and allocators can compare with other branded outdoor resorts when sizing niche hospitality construction risk.
Catal Capital provided $38 million of construction financing for Camp Margaritaville Resort Golden Isles, a 341-space RV resort in Brunswick, Ga. Commercial Observer first reported the loan.
South Street Partners and Brighton Real Estate Ventures are developing the 54-acre site at 7350 Hwy 99, with 56 casitas and 285 RV pads expected to finish in early 2028. Amenities include a pool, a restaurant, a bar, a clubhouse with retail space, a fitness center, two pickleball courts, a dog park, a music pavilion and a boathouse. Newmark arranged the financing.
The loan works out to about $111,000 per site across 341 sites, a figure that debt funds and allocators can compare with other branded outdoor resorts when sizing niche hospitality construction risk. Terms beyond the loan amount were not disclosed.
Margaritaville, the hospitality brand drawn from the songs of Jimmy Buffett, counts more than 40 vacation destinations, including island resorts, RV parks, casinos and cruise ships.
Reported by the Real estate debt desk from Commercial Observer. Published . Corrections