Lloyd Goldman’s BLDG Management secured a higher valuation for Gurney’s Montauk Resort & Seawater Spa after a brief period in special servicing. The resort was recently appraised at 280 m, up 15% from its 2021 valuation of 244 m. BLDG attributed the loan’s transfer to special servicing in late 2024 to an administrative delay. Following renovations, the resort reopened in February, and BLDG extended its loan by a year after a 9.4 m paydown and a 3.1 m personal guarantee.
Lloyd Goldman’s BLDG Management
