financeLodging Magazine··1 min·For: Owner, Investor, Revenue
Residence Inn Walnut Creek Secures $45M Refinancing Loan
Sonnenblick-Eichner Company has arranged $45 million in fixed-rate, non-recourse senior mortgage financing for the 160-room Residence Inn by Marriott Walnut Creek. The loan, provided by a life insurance company, replaces existing construction debt for the three-year-old property near San Francisco.
Key Takeaways
- 1Secure fixed-rate financing to stabilize assets amid fluctuating interest rates and capital market volatility.
- 2Leverage non-recourse loan structures to minimize personal liability for ownership while maintaining long-term property control.
- 3Capitalize on prime urban locations with high barriers to entry to attract competitive lending terms from life insurance companies.
Source: Lodging Magazine
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