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J.R. Chantengco, CCIM of Black Pearl Investments has arranged a $9.05M bridge loan with a private source for the acquisition of the Saddleback Resort in Rangeley ME, the third largest ski resort in Maine for an American developer and its Australian multinational partner. Financing will also be used for completing entitlements for over 700 residential units, a 4-star hotel and conversion into a “four seasons” resort and spa to include hiking, camping, boating and other non-ski outdoor activities.
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