Sonnenblick-Eichner Company Arranges $50,000,000 of First Mortgage Leasehold Financing for Hotel Valencia Santana Row, San Jose, CA
Sonnenblick-Eichner Company has arranged $50 million of first mortgage leasehold financing for Valencia Hotel Collection, to refinance its Hotel Valencia Santana Row in San Jose, CA. The non-recourse, fixed-rate, five-year loan is interest only for the term and priced at less than 7%. The loan was funded by an international money center commercial bank.
The 216-room AAA-rated, Four Diamond Hotel offers 11,188 square feet of indoor/outdoor meeting and event space, a fitness center, rooftop pool and Jacuzzi, and an open-air interior courtyard. The hotel is ranked 2nd in San Jose, according to U.S. News & World Report's 2025 Best Hotels in the USA.
San Jose is the largest city within Silicon Valley, a global technology hub, offering the largest concentration of technology companies in the world. Hotel Valencia Santana Row is the only hotel within San Jose's Santana Row, a 2.5 million square-foot mixed use development which attracts approximately 13 million visitors annually. It also includes more than 50 High Street retail shops, 35 restaurants, 662 rental apartments, 219 residential condominiums and approximately 1.7 million square feet of Class-A office space.
"Reflecting the tremendous amount of liquidity that is in the market for hotel financing today, we had 16 offers from commercial banks, insurance companies and CMBS lenders for this financing opportunity," said Sonnenblick-Eichner Principal David Sonnenblick.
"The debt markets continue to be extremely liquid for all types of hospitality transactions, including construction, bridge and permanent financing. We are obtaining multiple bids on all hospitality loans we are offering to the market," added Patrick Brown, also a Principal of Sonnenblick-Eichner Company.
About Valencia Hotel Group
Valencia Hotel Collection is a Texas-based portfolio of independent boutique hotels known for timeless design, exceptional hospitality, and thoughtfully curated experiences. Spanning seven distinctive properties, Valencia Hotel Collection includes two luxury flagships-Hotel Valencia Riverwalk in San Antonio, Texas and Hotel Valencia Santana Row in San Jose, California and five elevated urban-retreat properties: Cotton Court in Lubbock; Cavalry Court and The George in College Station; Texican Court in Irving; and Lone Star Court in Austin. Caravan Court in Arlington is set to open in 2026. To learn more about each property within the collection, visit www.valenciahotelcollection.com.
About Sonnenblick-Eichner Company
Sonnenblick-Eichner Company (www.sonneich.com ) is a Beverly Hills-based real estate investment banking firm that specializes in arranging structured finance for acquisition, construction and permanent loans, interim and mezzanine financing as well as joint-venture equity transactions. The company is recognized for its expertise in marketing institutional real estate for sale and providing capital for all product types including retail, office, hospitality, industrial, and multifamily properties. Our clients benefit from our combined 100 years of transactional experience. Through our extensive relationships with both domestic and international capital providers, we identify the most logical capital sources for each transaction and through a competitive bidding environment obtain the best possible pricing and deal structure for our clients. We bring innovative solutions to complex capital transactions as a result of our extensive experience and long standing relationships with real estate capital providers.
