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Sonnenblick-Eichner Arranges $27M for Pismo Beach Hotel
Beverly Hills, CA-based Sonnenblick-Eichner Company arranged $26.5 million of interim first mortgage debt to refinance the Inn at the Pier, a new 104-room, full-service luxury boutique hotel in Pismo Beach, CA. The non-recourse interim loan was provided by a debt fund. The loan was priced in the mid-$300s over 30-day LIBOR, and provided for a return of equity to the borrower.
Sonnenblick-Eichner Company’s Patrick Brown says, “The loan refinanced the construction loan that we arranged for the ownership.”
The property opened in November of 2017, and features a full-service restaurant, pool and spa, and the only roof-top bar in Pismo Beach. Other amenities include 1,200 square feet of meeting space, a state-of-the-art fitness facility and 2,637 square feet of street-level retail space. Located one-half block from the Pacific Ocean, the hotel is adjacent to the Pismo Beach pier in the heart of town.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing


