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Resort Obtains Fund Package

March 10, 1985

Mellon Financial Services, a subsidiary of Mellon National Corp. of Pittsburgh, has completed arrangements to provide a $30-million financial package for Winners Circle Resorts International's Carlsbad Inn resort, which opened in 1983.

The package, arranged by Ward Financial Co., includes a $12-million construction loan and an $18-million line of credit for the Carlsbad Inn Beach and Tennis Resort, which includes a hotel, restaurants, boutiques, two vacation condominium buildings and a tennis club.

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