Laguna Beach, CA

$15,000,000 First Mortgage

In October 2026, a $15 million first mortgage construction and rehabilitation loan was provided for the historic Coast Inn, a 24-room oceanfront boutique hotel located at 1401 South Coast Highway in Laguna Beach, California.

Originally built in 1929, the property occupies approximately half an acre overlooking the Pacific Ocean, with direct beach access and proximity to local dining and retail. The business plan includes restoring the hotel’s original Spanish Colonial Revival architecture, renovating its ocean-view guestrooms, and adding a restaurant and bar to reposition the property as a luxury boutique hotel.