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Janine Shagoury
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Mitch Karig
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Natixis Real Estate Capital Refinances Second Pacifica Hotel Company Portfolio
NEW YORK, May 18, 2007 – Natixis Real Estate Capital Inc. (formerly IXIS Real Estate Capital) provided three 10-year, fixed-rate loans to Pacifica Hotel Company for the refinancing of a 186-room portfolio of hotels in coastal southern California. The $25,500,000 in financing was secured by the Holiday Inn Express in Marina del Rey, the Inn at Venice in Venice Beach and Sandcastle Inn in Pismo Beach. In 2006, Natixis Real Estate Capital provided $63,000,000 of financing on a five-property Pacifica portfolio.
The financing was arranged by Sonnenblick-Eichner Company.
Natixis Real Estate Capital was known as IXIS Real Estate Capital when it provided the loans for both Pacifica Hotel Company financings. It changed its name on March 16, 2007.
Based in Santa Barbara, California, Pacifica Hotel Company currently operates 21 hotels in key California cities from San Francisco to San Diego and feature superior locations, AAA 3-Diamond ratings, upgraded amenities, and high standards of guest service.
About Natixis Real Estate Capital: With offices in New York, Los Angeles, Atlanta and Chicago, Natixis Real Estate Capital offers a full range of financing products including fixed-rate, floating-rate and mezzanine loans. Our bankers work side-by-side with our team of analysts, underwriters and attorneys to deliver the capital our clients need – at the terms promised – with the highest degree of certainty. The result is a level of personalized service that is second to none in the industry.
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