Sonnenblick-Eichner Arranges $35M Financing for SoCal Hotels

Comprising 378 guestrooms, the three-asset portfolio was subject to 10-year, fixed-rate loans. Vista Investments previously completed renovations at the properties.
Sonnenblick-Eichner Co. has arranged three long-term, fixed-rate loans totaling $35.4 million for the refinancing of Best Western Plus Hotels located in Sacramento, Calif. and San Diego. The firm secured $15 million in first-mortgage debt for the 100-key Best Western Plus Truckee-Tahoe hotel and a separate non-cross-collateralized $7 million loan for the 105-key Best Western Plus Rancho Cordova in the Sacramento area. Sonnenblick-Eichner also arranged a $13.4 million leasehold first-mortgage financing for the 173-key Best Western Plus Marina Gateway in National City, Calif…
Categories : Finance

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