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Sonnenblick-Eichner Delivers Nearly $14M for Palm Springs Resort
Beverly Hills, CA-based Sonnenblick-Eichner Company arranged $13.75 million in construction and interim financing for the L’Horizon Resort and Spa, a full-service, luxury resort in Palm Springs, CA. The five-year LIBOR-based loan provides funds to refinance the existing debt on the 25-room resort ,as well as for the ground-up construction of an additional 24 bungalow-style guest rooms on an adjacent parcel.
Sonnenblick-Eichner’s Elliot Eichner says, “In addition to tailoring the hybrid loan structure to accommodate a hotel with existing operations and new construction, the loan also provides our client with a conversion option to a permanent loan ensuring a take-out upon completion.”
Widely considered one of the premiere destinations in Palm Springs, the property was ranked the No. 1 Resort in the United States in 2018, and No. 2 in the world in 2019, by Condé Nast Traveler. Situated on roughly three acres of landscaped grounds, it is among the lowest density resort developments in the market.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing


