Sonnenblick-Eichner Company has arranged a $75 million loan to refinance Cavallo Point-The Lodge at the Golden in Sausalito, California, Real Estate Capital has learned.
An international money center bank provided the five-year, non-recourse, LIBOR-based balance sheet loan to the Fort Baker Retreat Group.
“Given the unique nature and irreplaceable location of the property, we were able to attract multiple financing options,” said Elliot Eichner, principal of Sonnenblick-Eichner Company. “The borrower chose a floating rate balance sheet loan affording them maximum flexibility.”
Cavallo Point, managed by an affiliate of Passport Resorts, is a 142-room park lodge luxury resort nestled within the Golden Gate National Recreation Area at the northern foot of San Francisco’s Golden Gate Bridge.
Situated on 45 acres within the 350-acre former Fort Baker military base, the property includes the Murray Circle Restaurant and Farley Bar, more than 25,000 sq ft of indoor and outdoor meeting space, an 11,000 sq ft Healing Arts Center & Spa, a retail outlet, a cooking school and a fitness center.
Los Angeles-based real estate investment banking firm Sonnenblick-Eichner Company specializes in arranging structured finance for acquisition, construction and permanent loans, interim and mezzanine financing as well as joint venture equity transactions. The firm was unable to disclose the name of the lender.