Aloft Hotel in The Domain Gets First Mortgage Financing

AUSTIN, TX-Owners of a 140-room hotel in Northwest Austin have obtained $17.2 million in first mortgage financing.

By GlobeSt News Hub | October 16, 2012 at 01:01 AM

AUSTIN, TX-Owners of a 140-room hotel in Northwest Austin have obtained $17.2 million in first mortgage financing. Sonnenblick-Eichner Co., a Los Angeles-based real estate investment banking firm, arranged the loan for the unidentified owners through an international commercial bank.

The Aloft Hotel in The Domain was constructed in 2009. The non-recourse loan arranged for the hotel has an interest rate of below 5% and a 30-year amortization. For the full story, go to Austin Business Journal .

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