Sonnenblick-Eichner Company Arranges $20,500,000 of First Mortgage Financing for the Carriage Inn, Sherman Oaks, California

Sonnenblick-Eichner Company | March 19, 2020

Beverly Hills, CA (March 19, 2020) – Sonnenblick-Eichner Company announced today that it has arranged $20,500,000 of first mortgage financing for the 178-room Carriage Inn, located at the intersection of Burbank Boulevard and the San Diego Freeway (I-405) in Sherman Oaks, California. The non-recourse 10-year fixed rate loan was priced at 3.36%, with interest-only payments for the entire loan term. The hotel, affiliated with the Best Western Plus brand, features meeting space, a pool and Jacuzzi, a fitness center and surface parking for 160 cars. The hotel is conveniently located within close proximity to Universal Studios/Hollywood, the ...