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9/20/16
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Sonnenblick-Eichner Company has arranged a $75 mil of first mortgage leasehold refi loan for Cavallo Point-The Lodge at the Golden Gate located in the Marin County city of Sausalito. The financing was a non-recourse, five-year balance sheet, LIBOR-based loan provided by an international money center bank.
The borrower is Fort Baker Retreat Group LLC, based out of San Francisco. The property is managed by an affiliate of Passport Resorts LLC.
Cavallo Point, the San Francisco Bay Area’s first national park lodge, is an iconic 142-room destination luxury resort nestled within Golden Gate National Recreation Area at the northern foot of the world-renowned Golden Gate Bridge. Located on approximately 45 acres within the 350-acre former Fort Baker military base, the property includes the award-winning Murray Circle Restaurant and Farley Bar, more than 25k sf of indoor and outdoor meeting space, an 11k sf Healing Arts Center & Spa, a retail outlet, a cooking school and a fitness center.
In 2015 the award-winning Cavallo Point was recognized by Travel + Leisure Magazine as the #1 Best Hotel in the San Francisco Bay Area and #9 Best Hotel in the World.
“Given the unique nature and irreplaceable location of the property, we were able to attract multiple financing options,” said Elliot Eichner, principal of Sonnenblick-Eichner Company. “The borrower chose a floating rate balance sheet loan affording them maximum flexibility.”
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