WhereDaily News: Sonnenblick-Eichner Company Arranges $14,700,000 First Mortgage Financing for the Sanctuary Beach Resort, Marina, California
BEVERLY HILLS, CA--(Marketwired - Mar 11, 2014) - Sonnenblick-Eichner Company announced today that it has arranged $14,700,000 of first mortgage financing for the Sanctuary Beach Resort, a 60-room oceanfront resort located in Marina, California. The 10-year, non-recourse fixed rate loan included interest-only payments for the first 5 years of the term and was funded by a money center commercial bank.