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California  + Bay Area  + Hospitality  |  June 21, 2022
Moxy Oakland Hotel Secures $35M Refinance
Mark Nieto
By: Mark Nieto

Moxy Oakland Hotel Secures $35M Refinance

Sonnenblick-Eichner Company has advised the borrower for the placement of $35 million of first mortgage interim financing for the leasehold interest in the Moxy Oakland Downtown Hotel. The 172-room property is located in the Uptown Arts and Entertainment District of Oakland, CA.

The proceeds from the ACORE Capital non-recourse financing were used to retire the construction loan for the one-year-old hotel and provide fresh capital to advance stabilization. Tidewater Capital and Graves Hospitality own the property in partnership with EJF Capital.

Amenities at the Moxy Oakland Downtown include a lobby bar lounge, outdoor terrace, full-service restaurant and 24-hour fitness center. Oakland’s Arts and Entertainment District is emerging as a vibrant center of creativity, fashion and nightlife and offers design shops, fashion boutiques and cafe’s. 

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Sonnenblick-Eichner CompanyMoxy Oakland Downtown HotelACORE Capital

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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