The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 16, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
New Pismo Beach Hotel Financed with $26.5 Mil Loan


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.

Return to the Archive 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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media