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In Brief: Sonnenblick-Eichner has facilitated a $115 million loan from Madison Realty Capital for the refinancing of La Bahia Hotel & Spa, a luxury beachfront property in Santa Cruz, California. La Bahia Hotel & Spa – Image Credit Sonnenblick-Eichner Company Sonnenblick-Eichner Company, on behalf of Ensemble Investments, LLC, has arranged $115 million in first mortgage debt to refinance a newly opened 155-room luxury waterfront hotel in Santa Cruz, CA. The loan was originated by Madison Realty Capital, working with Newbond Holdings.The five-year, floating-rate, non-recourse financing is secured by La Bahia Hotel & Spa, which is located in Santa Cruz, CA;…
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