The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 10, 2017
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Commercial Real Estate Financing Briefs

12/07/17

SONNENBLICK-EICHNER COMPANY - Sonnenblick-Eichner Company has arranged $35 mil of first mortgage financing for The Inn at the Market, a 76-room luxury boutique hotel in Seattle. The hotel is located at the world-famous Pike Place Market, the most popular and recognizable destination in downtown Seattle. The hotel is currently ranked #1 of 100 hotels on TripAdvisor in Seattle. The financing, provided by a Wall Street investment bank, was a non-recourse, 10-year fixed rate loan with five years of interest-only payments. The Inn at the Market has historically been a rate leader in the downtown Seattle market. Amenities include four restaurants, four high-end retail outlets, and a rooftop deck with views of Elliott Bay, the Puget Sound, and the Olympic Mountains. The loan recapitalized the borrower’s recent all-cash purchase of a controlling interest in the ownership entity. According to Sonnenblick-Eichner’s Patrick Brown, the financing of approximately $460k per key is one of the highest in Seattle to-date.

NORTHMARQ CAPITAL - Paul Bruder with NorthMarq Capital arranged a $25 mil refi loan on Metro Art Brentwood Apartments, a 62-unit multifamily property located at 11771 Montana Ave in Los Angeles. The transaction was structured with a 10-year term on a 30-year amortization schedule. The loan was funded through a life insurance company.

IBORROW - iBorrow has provided a $16.5 mil loan cross-collateralized by two separate CA assisted living facilities in Tarzana and Orange County. One property is an 88-unit, 50k sf facility and the second property is an 81-unit, 40k sf facility. Both properties were built in 1974 and were recently renovated in 2016. They are both private pay and offer a continuum of care services to the residents. The borrower is a local businessman whose experience is in the healthcare sector.

MERIDIAN CAPITAL GROUP – Seth Grossman and Andy Strauss with Meridian Capital Group arranged $8.5 mil in financing for The Boardwalk, a 13.7k sf shopping center property focused on attracting restaurants and casual dining in Cypress. The property, located at 5895 Katella Ave, is a single-story building that is currently home to seven tenants. Noodles & Company, Uroko Café, Which Wich, Pita 360, and Fisherman's Market Grill are some of the new additions to The Boardwalk’s tenant mix. Meridian arranged a 10-year CMBS loan for the borrower, The Festival Companies.




Return to the previous page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2017 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media