financeLodging Magazine··1 min·For: Owner, GM, Investor, Revenue
Sonnenblick-Eichner Refinances Seattle's Cedarbrook Lodge
Sonnenblick-Eichner Company has successfully arranged a $30 million fixed-rate first mortgage to refinance the 167-room Cedarbrook Lodge in SeaTac, Washington.
Key Takeaways
- 1Secure structured financing to replace construction or bridge debt with stabilized long-term loans despite current market volatility.
- 2Leverage asset performance and regional market strength to negotiate favorable fixed-rate interest terms.
- 3Monitor lending activity from life insurance companies as a viable source for non-recourse, low-leverage hospitality refinancing.
Source: Lodging Magazine
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