Sonnenblick Helps Orient-Express Land $45M Hotel Loan

Law360, New York (November 15, 2011, 5:33 PM EST) -- Commercial real estate investment firm Sonnenblick-Eichner Co. has arranged a $45 million loan for Orient-Express Hotels Ltd., which is building a luxury hotel in Santa Barbara, Calif., on a site that requires a near ground-up reconstruction, the firm said Tuesday.

Proceeds from the floating-rate construction loan will fund the rise of the El Encanto, which will be Orient-Express's first West Coast hotel property, Sonnenblick principal Elliot Eichner said, adding that only a few remnants of the original structures on the site, built in the 1920s, will...
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