{"id":1004796288,"date":"2026-04-26T22:58:24","date_gmt":"2026-04-27T06:58:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004796288"},"modified":"2026-04-26T22:58:26","modified_gmt":"2026-04-27T06:58:26","slug":"seattle-boutique-hotel-secures-24m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/seattle-boutique-hotel-secures-24m-refi\/","title":{"rendered":"Seattle Boutique Hotel Secures $24M Refi"},"content":{"rendered":"
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Located at 18525 36th Ave. S., the property sits on seven acres of restored wetlands. Image courtesy of Sonnenblick-Eichner Co.<\/em><\/figcaption><\/figure><\/div>\n\n\n

Cedarbrook Lodge, a 167-room boutique hotel in Seattle, has obtained $24 million in refinancing. Sonnenblick-Eichner Co. arranged the first mortgage loan on behalf of the borrower.<\/p>\n\n\n\n

Prime Finance originated the non-recourse, floating rate, interim five-year note, Commercial Real Estate Direct<\/em> reported.<\/p>\n\n\n\n

The loan replaces a long-term, fixed-rate $27 million credit that Sonnenblick-Eichner Co. previously arranged for the asset in 2016.<\/p>\n\n\n\n

Located at 18525 36th Ave. S., Cedarbrook Lodge sits on seven acres of restored wetlands. The property is near multiple dining and entertainment options, with Seattle-Tacoma International Airport just west of the hotel.<\/p>\n\n\n\n

A redeveloped property<\/h2>\n\n\n\n

Originally a Washington Mutual Center between 2003 and 2008, the property was then purchased a year later and redeveloped into a boutique hotel. In 2013, Cedarbrook broke ground on a $16 million expansion that added 63 guest rooms and an additional 49 car parking spaces.<\/p>\n\n\n\n

Cedarbrook Lodge features guestrooms and suites ranging from 276 to 1,090 square feet. All rooms have a mini refrigerator, television, hair drier, working desk and safe, with some units also being dog-friendly.<\/p>\n\n\n\n

Shared amenities include 17,000 square feet of meeting space, a 1,600-square-foot fitness area, outdoor hot tub, airport shuttle and parking. Moreover, the hotel comprises a 3,000-square-foot spa dubbed The Spa at Cedarbrook Lodge and a full-service restaurant and bar.<\/p>\n\n\n\n

Also in the western region, Realberry and Proper Hospitality secured $298 million in refinancing for Cal Neva Hotel<\/a> earlier this month. The loan included the first\u00a0C-PACE transaction\u00a0in Washoe County and the largest in the history of Nevada.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Sonnenblick-Eichner Co. arranged the deal.<\/p>\n","protected":false},"author":3909,"featured_media":1004796290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21751,1610,15],"tags":[33474],"class_list":["post-1004796288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-hotel","category-seattle","category-west","tag-sonnenblick-eichner-company"],"acf":[],"yoast_head":"\nSeattle Boutique Hotel Secures $24M Refi - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Cedarbrook Lodge, a 167-room boutique hotel in Seattle, has obtained $24 million in refinancing. 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