$67.5M in notes arranged for portfolio of 9 hotels.Sonnenblick-Goldman Company has arranged $67.5 million in notes backed by mortgages to finance a portfolio of nine Embassy Suite Hotels located across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The nine-hotel portfolio consists of approximately 2,100 suites and is owned in a joint venture between Windsor Windsor, British royal family Windsor (wĭn`zər), family name of the royal house of Great Britain. The name Wettin, family name of Albert of Saxe-Coburg-Gotha, consort of Queen Victoria, was changed to Windsor by George V in 1917. Capital Group of Woodland Hills, California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). and The Kemper Insurance Company. The notes were rated "AA" by Duff & Phelps. Sonnenblick-Goldman Company has long been considered the nation's leader in the area of major hotel financing and sales, having completed in excess of $5 billion of hotel transactions over the last decade. This is the fifth major securitized securitized Of, related to, or being debt securities that are secured with assets. For example, mortgage purchase bonds are secured by mortgages that have been purchased with the bond issue's proceeds. mortgage bond financing on hotels that Sonnenblick-Goldman has completed. |
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