According to public documents, Sand Hill engaged with Natixis in July of 2013 at this location. This was one of several engagements that the New York branch of the French investor conducted with Peter Pau’s Sand Hill Property Company at that time. Also in July of 2013, Natixis agreed to lend two limited liability companies controlled by Sand Hill $25.5 million, according to property records on file with the Santa Clara County Clerk Recorder. The money, along with $12 million in equity from Sand Hill, was going to help convert a Menlo Park retirement community just east of El Camino Real into a 138-room Marriott Residence Inn. The property is designed for extended-stay travelers with suites, kitchens and separate sleeping and work areas.
Natixis was one of multiple lenders that competed for the hotel business at the time.