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August 26, 2019
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New Pismo Beach Hotel Financed with $26.5 Mil Loan

2/27/19

Sonnenblick-Eichner Company has arranged a $26.5 mil interim refi loan on Inn at the Pier, a new 104-room, full-service luxury boutique hotel located one-half block from the Pacific Ocean in the heart of Pismo Beach, CA.

The Inn at the Pier, which opened in November of 2017, features a full-service restaurant, pool and spa, and the only roof-top bar in Pismo Beach. Other amenities include 1.2k sf of meeting space, a state-of-the-art fitness facility and 2.6k sf of street-level retail space. The hotel offers valet parking accommodating up to 128 cars.

The Inn at the Pier’s central location adjacent to the Pismo Beach pier provides convenient access to the beach and downtown tourist attractions including restaurants and other nightlife attractions. The facility, located at 601 Cypress St, is managed by Pacifica Hotels.

“Given the liquidity in the debt capital markets, the loan was competitively bid for a property with limited operating history since completion of construction,” said Elliot Eichner, a Principal of Sonnenblick-Eichner Company. The financing took out a construction loan, also arranged by Sonnenblick-Eichner.





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