Sonnenblick-Eichner Co. has arranged $84.43 million of mortgage financing for the 100-room Ocean Key Resort and Spa on Key West, Fla. The loan, which has a five-year term and pays a fixed coupon in the low 5-percent range, was used to orchestrate the defeasance of a $66.5 million CMBS loan that wasn’t set to mature until April 2025.

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