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Follow on Google News | Sonnenblick-Eichner Co. Arranges $26.5 MM Loan to Refi 104-Room Hotel in Pismo Beach, CABy: Sonnenblick-Eichner Company The non-recourse interim loan was provided by a debt fund. The loan was priced in the mid-300s over 30-day LIBOR and provided for a return of equity to the borrower. 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 1,200 square feet of meeting space, a state-of-the- "Given the liquidity in the debt capital markets, the loan was competitively bid for a property with limited operating history since completion of construction," "The loan refinanced the construction loan that we arranged for the ownership," added Patrick Brown, also a Principal of Sonnenblick- About Sonnenblick- Sonnenblick- End
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