Brief
Menlo Park Refi Illustrates Recovery of Bay Area Hotel Sector
Sonnenblick-Eichner Company has arranged $110 million in first mortgage debt for Independence Menlo Hotel Owner LLC to refinance Hotel NIA in Menlo Park. The non-recourse, floating rate, interim five
Summary
Sonnenblick-Eichner Company has arranged $110 million in first mortgage debt for Independence Menlo Hotel Owner LLC to refinance Hotel NIA in Menlo Park.
The non-recourse, floating rate, interim five-year loan was funded by a private real estate credit investment manager.
Hotel NIA is an 11-story, 250-room, full-service luxury hotel branded as an Autograph Collection by...
Source
- Connect CREconnectcre.com
