The Pacifica Hotel Portfolio financing involved a $153,150,000 first mortgage, structured as a 10-year fixed-rate loan. This financing covered a collection of 10 properties, encompassing 739 rooms across various locations. The properties are predominantly oceanfront hotels situated on the central coast of California, with additional locations in Venice, Marina del Rey, Manhattan Beach, California, and Port St. Lucie, Florida. The loan was arranged by Sonnenblick-Eichner Company, and it was notable for being non-recourse and not cross-collateralized. This strategic refinancing was chosen by the borrower to capitalize on the lower cost of capital and to manage future interest rate risks, also allowing them to unlock pent-up equity within the portfolio. Pacifica Hotels, the beneficiary of this financing, is a prominent owner and operator of boutique hotels on the Pacific coast, with a history in the hospitality sector dating back to 1993 through its parent company, Invest West Financial Corporation.