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Atlanta & Southeast  + Carolinas + Charlotte  + Hospitality  |  October 18, 2022
TMGOC Ventures has received $51.5 from Canyon Partners Real Estate, LLC, for the construction of a Moxy Hotel in Uptown Charlotte, NC.
Lisa McDuffie
By: Lisa McDuffie

Opterra Capital, The Montford Group Secure $52M Build Loan for Moxy Hotel Charlotte

TMGOC Ventures, a partnership between Opterra Capital and The Montford Group, has received a $51.5-million senior loan from Canyon Partners Real Estate, LLC, for the construction of a 13-story, 208-room Moxy Hotel located in the Uptown district of Charlotte, NC.

The Moxy Charlotte represents Canyon’s second transaction with TMGOC Ventures and its third Moxy Hotel financing.

Moxy Charlotte will sit one block from two mass transit systems and surrounded by business, sports and entertainment venues. Charlotte is home to the corporate headquarters of nine Fortune 500 and 18 Fortune 1000 companies, as well as main offices for three of the nation’s largest banks.

“Uptown Charlotte continues to benefit from a strong business environment, with several corporate expansions and relocations bringing traveling professionals to the city,” said Sunju Patel of The Montford Group. This level of positive activity lays the path for long-term demand for centrally located hospitality assets.”

Moxy Hotels are affiliated with Marriott International.

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Inside The Story

The Monftford Group's Patel

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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