Little Palm Island
Sonnenblick-Eichner Co. Arranges $30 MM financing to refinance luxurious resort in Little Torch Key, FL
BEVERLY HILLS, Calif., Jan. 12, 2021 (GLOBE NEWSWIRE) — Sonnenblick-Eichner Firm introduced right now that it has organized $30,500,000 of interim first mortgage financing for Little Palm Island Resort & Spa, an iconic 30-suite, full service, luxurious resort positioned in Little Torch Key, Florida.
The mortgage refinanced a just lately matured mounted fee mortgage and closed inside 30 days of software. Mast Capital and RWN Administration offered the financing.
The Resort is positioned on an unique 4.12-acre personal island on this planet well-known Florida Keys. Accessibility to the Resort is by personal boat from Little Torch Key, positioned roughly 3 miles to the north. Facilities on the Resort embody a full-service superb eating ocean-front restaurant, SpaTerre, a Health Middle, Dive Store and a swimming pool and an adjoining Palapa Bar. Moreover, the Resort includes a Marina with three separate docks that may accommodate yachts as much as 120 toes in size. The Resort has been constantly acknowledged as one of many prime vacation spot resorts on this planet. Condé Nast Traveler and Reader’s Alternative Awards just lately ranked the Resort of their “Prime 10 Resorts within the U.S.” and “Finest Resorts within the World for 2020”.
“Little Palm Island is a one-of-a-kind resort. We have been capable of generate a number of financing quotes given the property’s stellar efficiency in its “drive-to-leisure” vacation spot location, in addition to the top-tier sponsorship. Mast Capital was capable of ship robust execution and shut expeditiously,” commented Elliot Eichner, a Principal of Sonnenblick-Eichner Firm.
“The quantity of lender curiosity within the financing alternative demonstrates the massive diploma of liquidity out there right now for properly positioned belongings,” commented Patrick Brown, additionally a Principal of Sonnenblick-Eichner Firm.
About Sonnenblick-Eichner Firm
Sonnenblick-Eichner Firm (www.sonneich.com) is a Beverly Hills-based actual property funding banking agency that focuses on arranging structured finance for acquisition, development and everlasting loans, interim, most well-liked fairness and mezzanine financing in addition to joint-venture fairness transactions. The corporate is acknowledged for its experience in advertising and marketing institutional actual property on the market and offering capital for all product varieties together with hospitality, workplace, industrial, retail and multifamily properties.
About Noble Home Accommodations & Resorts Ltd.
Constructed upon a philosophy that emphasizes location, distinction, and soul, Noble Home Accommodations & Resorts dedicates itself to creating and managing distinctive properties that remember their native communities. Headquartered in Seattle, Washington and constantly rising, the Noble Home portfolio includes a luxurious and higher upscale portfolio of 18 distinct and visually fascinating lodge properties, over 50 eating places, bars, and lounges, the Napa Valley Wine Practice, and a set of spas, marinas, and personal residences all through the U.S. and Canada. A spread of beachfront resorts spanning California and Florida, luxurious retreats in Jackson Gap, WY, British Columbia, and Colorado, and award-winning city lodges in Seattle and San Francisco punctuate the various assortment. Centered inside locations value of each bucket checklist and layered with distinctive facilities that encourage journey, the curated assortment of one-of-a-kind lodges, resorts and adventures, are recognized for creating unforgettable journey experiences. For extra data, go to www.noblehousehotels.com or name Noble Home Accommodations & Resorts at 877-NOBLE.TRIP.
Supply: Sonnenblick-Eichner Firm
Media Contact: Bruce Beck
bruce@dbrpr.com
(805) 777-7971
A photograph accompanying this announcement is obtainable at https://www.globenewswire.com/NewsRoom/AttachmentNg/d87cd916-5d0f-4bee-bfe5-513f38a7058b
