Residence Inn by Marriott Walnut Creek Refinanced With $26 Million Loan

April 7, 2026

WALNUT CREEK, Calif. — Sonnenblick-Eichner Co. has arranged a $26 million first mortgage loan to refinance the Residence Inn by Marriott Walnut Creek in Walnut Creek, Calif.

The non-recourse, fixed-rate loan has a five-year term and is interest-only for the full term, according to the Los Angeles-based firm. The loan was funded by a Wall Street investment bank.

The Residence Inn by Marriott Walnut Creek is a six-story, 160-room extended-stay hotel with 870 square feet of meeting space, an indoor pool, fitness room, outdoor patio, barbecue area and subterranean parking for 144 vehicles. The hotel is less than a half-mile from the Walnut Creek BART station, which provides access to downtown San Francisco and the surrounding Bay Area.

Elliot Eichner, principal of Sonnenblick-Eichner Co., said the firm was able to secure the fixed-rate loan at a lower cost of capital than the borrower’s maturing floating-rate debt as conditions improve in the region’s hospitality market.

“The loan refinanced an interim bridge loan that we previously arranged for the partnership,” added Patrick Brown, also a principal of Sonnenblick-Eichner Co.

Sonnenblick-Eichner Co. is a real estate investment banking firm that arranges structured finance for acquisition, construction and permanent loans, interim and mezzanine financing, and joint-venture equity transactions. The firm also works in institutional real estate sales and provides capital solutions across property types including retail, office, hospitality, industrial and multifamily.