September 21, 2016
Los Angeles-based Sonnenblick-Eichner Company arranged a $75-million, first mortgage leasehold loan for Cavallo Point-The Lodge at the Golden Gate, located in Sausalito, CA. The financing was a non-recourse, five-year balance sheet, LIBOR-based loan provided by an international money center bank.
Cavallo Point, the 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 Golden Gate Bridge. The property is located on approximately 45 acres within the 350-acre former Fort Baker military base.
Sonnenblick-Eichner’s Elliot Eichner and Patrick Brown arranged the financing.
Brown says, “The excellent sponsorship and management team augmented the significant lender interest in the financing.”
For comments, questions or concerns, please contact Dennis Kaiser