Article - Sonnenblick-Eichner Company Arranges $21,000,000 of First Mortgage Financing for Cotton Court, Lubbock, Texas - The five-year, fixed-rate loan is non-recourse and was funded by a Wall Street investment bank. The loan is interest-only for the entire term at an interest rate of 7.6%. A rate buydown was required by the lender to achieve this rate and proceeds.
Article - Sonnenblick-Eichner Company Arranges $100 Million Sale of the Inn at Rancho Santa Fe, Rancho Santa Fe, California - Sonnenblick-Eichner Company, on behalf of Steve Hermann Hotels, has arranged a $100 million sale of The Inn at Rancho Santa Fe, an 85-room, full-service, luxury boutique resort located in north San Diego Countys exclusive enclave of Rancho Santa Fe, CA.
BEVERLY HILLS, Calif., July 25, 2023 (GLOBE NEWSWIRE) Sonnenblick-Eichner Company, on behalf of Steve Hermann Hotels, has arranged a $100 million sale.