Updated Dec 21, 2023
Sonnenblick-Eichner Co. Arranges $30M Refinance Loan For Pismo Beach Hotel
601 Cypress St, Pismo Beach
$30,000,000
Building Size
—
Asset Type
Hotel
Closing
Apr 7, 2022
About this deal
AI
601 Cypress St. in Pismo Beach has undergone a $30,000,000 refinance loan transaction. The property involved in this deal is a hotel. The loan was facilitated by Sonnenblick-Eichner Co., who acted as the broker.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $30,000,000
Detailed information about the individuals and companies involved in the transaction has not been provided.
The hotel loan at 601 Cypress St, Pismo Beach in Pismo Beach, California financed for $30M in 2022. 601 Cypress St, Pismo Beach is classified as Hotel on Traded. David N. Sonnenblick, Elliot Eichner, Sonnenblick-Eichner Company appear on the loan alongside Sonnenblick-Eichner Company. This page is the Pismo Beach, California file for the 601 Cypress St, Pismo Beach hotel financed: pricing, party profiles, and other closed hotel comps from the same Pismo Beach sit in the Market section below. Filter that Pismo Beach hotel set by closing date to see what else financed near 601 Cypress St, Pismo Beach around 2022. Published consideration for 601 Cypress St, Pismo Beach is $30M, dated 2022. Cite this Sonnenblick-Eichner Co. Arranges $30M Refinance Loan For Pismo Beach Hotel loan when underwriting similar hotel product around Pismo Beach, California.
Players
Pismo Beach Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
Loading comparables…
Deal FAQ
Browse California hotel loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93