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NHG advised Banorte
NHG advised and represented Banorte, as lender, on the secured financing to Tortuga Royalty, as borrower, and RR Caribbean, as joint obligor, for the acquisition of the Hilton Cancún Mar Caribe hotel, located in Cancún, Quintana Roo. The parties to the loan agreement entered into a mortgage over the hotel and a pledge agreement with respect to the FF&E and OS&E to secure the loan facility and an administration and source of payment trust which will capture all the collection.