Talonvest Closes Refi for Two-Hotel Sunnyvale Campus

Talonvest Capital closed a $105,000,000 refinancing for a two-hotel campus in Sunnyvale on behalf of K1 Dev, LLC, an entity controlled by T2 Hospitality, a vertically integrated hospitality real estate investment and development company. The properties include the 186-key TETRA Hotel, Autograph Collection, and the 164-key AC Hotel by Marriott Sunnyvale Moffett Park.

The refinancing consists of a non-recourse bridge loan structured with a three-year initial term and two one-year extension options. Talonvest secured favorable terms and substantial interest savings over the full five-year loan term. Jeff Miller, Kim Bishop, Will Hainlen, Carson Kurland, and Lauren Maehler were among the Talonvest team members responsible for arranging the financing.

Nayiri Madenlian, CFO of T2 Hospitality, commented, “Working with the Talonvest team was an exceptional experience. They added meaningful value at every stage of the process, and their execution made this the best broker experience we’ve had over many years of financing.”

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