Menlo Park Hotel Group Receives $66.3 Million Loan For The Moxy Menlo Park Hotel

The Moxy Menlo Park is a 163-key hotel located at 3723 Haven Avenue in Menlo Park, California. This seven-story hotel is flagged by Marriott and is situated near major tech companies, including Meta Platforms and Snowflake Inc. It is expected to open in January 2028 and will feature rooftop hospitality space, a café, and a two-level parking garage.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $66,300,000
• Lender: A.K. Prabhakar - Bayview PACE
• Landlord: Menlo Park Hotel Group, LLC - Nexera Capital & Titan Management
• Broker: JLL
• Loan Amount: $66,300,000
• C-PACE Funding: $30.2 million
• Construction Loan: $36.1 million from Bayview Commercial Mortgage Finance, LLC

JLL Capital Markets arranged the financing transaction for the sponsor, Menlo Park Hotel Group, LLC. This collective funding of $66.3 million facilitates the development of the hotel project, contributing to the area's hospitality offerings amidst growing tech presences.