Sonnenblick-Eichner Co. Arranges $19.5M Senior Loan For Texican Court Hotel

The Texican Court hotel, located at 501 West Las Colinas Boulevard in Irving, is an asset valued at $47.3 million. The hotel features retro styling and various amenities, such as meeting spaces, a fitness center, and a swimming pool. It generates $113.57 in revenue per available room.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $19,500,000
• Lender: Goldman Sachs
• Landlord: Doyle A. Graham, Jr - Valencia Hotel Group
• Broker: Patrick Brown - Sonnenblick-Eichner Co.
• Loan Type: Senior Loan
• Loan Terms: Interest-only payments with a coupon of 7.74 percent for five years

Sonnenblick-Eichner Co., represented by Patrick Brown, facilitated a $19.5 million senior loan from Goldman Sachs for the acquisition of the Texican Court hotel in Irving.