Sonnenblick makes Pacific Island loan happen.Sonnenblick-Goldman Company, serving as exclusive financial advisor to Koa Hotel, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an affiliate of New York-based Brickman Associates and New Valley Corporation, has arranged a LIBOR-based, floating rate, first mortgage financing in the amount of $82,000,000 for the Sheraton Keauhou Bay Resort & Spa located in the Kona area of Hawaii's Big Island. The Sheraton Keauhou Bay Resort & Spa is a newly-renovated, 521-key, luxury resort situated on the lava flows of famed Keauhou Bay overlooking o·ver·look tr.v. o·ver·looked, o·ver·look·ing, o·ver·looks 1. a. To look over or at from a higher place. b. the Pacific Ocean. Douglas Hercher, Managing Director of Sonnenblick-Goldman's Capital Markets Group, noted, "This was a complex financing because the property had just re-opened. Nevertheless, numerous lenders expressed a strong interest in the property because of the quality of the renovation and the strength of the development and management team." The loan, provided by Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. , will be part of a larger, pooled securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. later this year. This is the third major transaction inked by S-G S-G Space to Ground in the Pacific islands. |
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