HomeBriefs

Brief

Sonnenblick-Eichner Arranges Refi for Walnut Creek Extended-Stay

Sonnenblick-Eichner Company has arranged a $26-million first mortgage loan to refinance the Residence Inn by Marriott Walnut Creek, in Walnut Creek.  The non-recourse fixed-rate, five-year loan is int

File photo

Summary

Sonnenblick-Eichner Company has arranged a $26-million first mortgage loan to refinance the Residence Inn by Marriott Walnut Creek, in Walnut Creek.

The non-recourse fixed-rate, five-year loan is interest-only for the term and was funded by a Wall Street investment bank.

The Residence Inn by Marriott Walnut Creek is a six-story, 160-room extended-stay hotel with...

Source