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Record Financing For JW Marriott
The financing market for commercial properties is as good as it's ever been, say Beverly Hills-based Sonnenblick-Eichner co-founders David Sonnenblick and Elliot Eichner. To underscore, the dynamic duo are in application with a lender for one of the firm's biggest financings: $340M for the JW Marriott Hotel. (It's for the full mixed-use project, including hotel, office, and retail.) Above: David and Elliot, flanked by principal Patrick Brown and managing director Tina Derderian (for a modified episode of Between Two Ferns). Part of the financing will be securitized and part will be held on book by the lender. According to David, today is a better interest rate environment and overall pricing environment than prior to the recession.
