The West Hollywood Edition Hotel and Residences on the Sunset Strip has received a $300 million floating-rate loan, Newmark Knight Frank announced May 24.

Newmark Knight Frank’s Dustin Stolly, Jordan Roeschlaub, Nick Scribani and Chris Kramer secured the loan from Deutsche Bank and Mirae Asset Daewoo.

The West Hollywood Edition Hotel and Residences, at 9040 Sunset Blvd., will have a 190-room hotel and 20 condo units. It is scheduled to open in September.

Commercial real estate reporter Hannah Madans can be reached at [email protected]. Follow her on Twitter @HannahMadans