Sonnenblick-Goldman Company, serving as exclusive financial advisor to Hotspur Nevada Resorts Inc, has arranged $155 million of first-mortgage financing for the J.W. Marriott Las Vegas Resort & Spa at Summerlin, in Las Vegas, Nevada.

The LIBOR-based, floating-rate loan, provided by Credit Suisse First Boston, will be part of a larger securitization later this year.

"This was a particularly complex financing given the combination of resort and casino uses," notes Robert Stiles, managing director of Sonnenblick-Goldman's San Francisco office and head of the firm's West Coast operations. "Nevertheless, we were successful in securing highly competitive proposals from a broad range of lenders and were able to achieve financing terms that exceeded the owner's expectations."

Developed at a cost in excess of $300 million and originally flagged the Regent Summerlin Resort, it was acquired by Hotspur Nevada Resorts in 2001.

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