Property gets $20 million loan
Monday, March 25, 2002 | 10:58 a.m.
Vestin Group of Las Vegas announced it provided a $20 million bridge loan to the Castaways, a 447-room Las Vegas hotel-casino.
The loan, secured by the property, will be used to refinance existing debt and to "provide for additional improvements to the property," Vestin said.
The Castaways, formerly known as the Showboat, was acquired by privately held VSS Enterprises from Harrah's Entertainment Inc. in March 2000.
archive