LOS ANGELES, CA – September 20, 2016 – Sonnenblick-Eichner Company has arranged $75 million of first mortgage leasehold financing for Cavallo Point-The Lodge at the Golden Gate located in Sausalito, California.
The financing was a non-recourse, five-year balance sheet, LIBOR-based loan provided by an international money center bank.
“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.”
“The excellent sponsorship and management team augmented the significant lender interest in the financing,” added Patrick Brown, also a principal of Sonnenblick-Eichner Company.”
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 25,000 square feet of indoor and outdoor meeting space, an 11,000-square-foot 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 (www.cavallopoint.com).
About Sonnenblick-Eichner Company
Sonnenblick-Eichner Company (www.sonneich.com) is a Los Angeles-based real estate investment banking firm that specializes in arranging structured finance for acquisition, construction and permanent loans, interim and mezzanine financing as well as joint venture equity transactions. The company is recognized for its expertise in marketing institutional real estate for sale and providing capital for all product types including retail, office, hospitality, industrial, and multifamily properties.