Urban Catalyst Acquires Hotel In Downtown San Jose With $48M Construction Loan

Urban Catalyst has secured a construction loan from Poppy Bank for the development of a hotel in Downtown San Jose. The property, located at 491, 493 & 497 West San Carlos Street & 270 Josefa Street, will have 176 keys. The loan amount is $48,000,000.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $48,000,000
• Address: 491, 493 & 497 West San Carlos Street & 270 Josefa Street
• Market: Downtown San Jose
• Lender: Poppy Bank
• Landlord: Urban Catalyst - Erik Hayden

Erik Hayden, representing Urban Catalyst, played a key role in securing the construction loan from Poppy Bank for the development of the hotel in Downtown San Jose.