EKN Development Secures $67.1M Construction Loan For Sand City Hotel | 880 Tioga Avenue | HALL Structured Finance | Jillian Mariutti, Robert (Bob) Tonnessen | Hotel | Loan

Summary

Loan

CALIFORNIA

Hotel

138,000 sqft

EKN Development has secured a construction loan and CPACE financing for the hotel located at 880 Tioga Avenue in Sand City. The property spans 138,000 square feet and is owned by EKN Development. The loan amount for this transaction is $67,100,000. The lenders involved in this deal are Hall Structured Finance and Nuveen Green Capital.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $67,100,000
Date: 12/29/2023
Address: 880 Tioga Avenue, Sand City
Market: Sand City
Lenders: Hall Structured Finance & Nuveen Green Capital
Landlord: EKN Development
Brokers: Jillian Mariutti & Robert Tonnessen - JLL

Jillian Mariutti and Robert Tonnessen from JLL represented EKN Development in this transaction.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Jillian Mariutti

Director

$136.3M Sold

Robert (Bob) Tonnessen

Director

JLL

HALL Structured Finance

Details

Deal Summary

FINANCED

IMAGE: Jillian Mariutti & Robert Tonnessen DATE: 12/29/2023 ADDRESS: 880 Tioga Avenue MARKET: Sand City ASSET TYPE: Hotel ~ SF: 138,000 LENDER: Hall Structured Finance & Nuveen Green Capital LANDLORD: EKN Development (@EKNDevelopment) BROKERS: Jillian Mariutti (@JillianMariutti_cre) & Robert Tonnessen - JLL (@JLL) LOAN AMOUNT: $67,100,000 LOAN TYPE: Construction Loan & CPACE Financing

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Address880 Tioga Avenue

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