MetLife extends property bet with $505M of Orlando loans

MetLife Inc. loaned $505 million to help refinance a hotel portfolio at Universal Orlando Resort as the largest U.S. life insurer seeks higher-yielding assets. MetLife extended the loan to an investor group including affiliates of Loews Hotels & Resorts, NBCUniversal and Hard Rock International, the New York-based company said Thursday in a statement. The fixed-rate loan for the Florida ...

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