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US Bank Inks $96M Loan for MF Project

MENLO PARK, CA—Anton Menlo Apartments, located near Facebook's office campus, is a 394-unit community expected to cost $120 million, and scheduled for completion in 2016.

By David Phillips | Updated on September 03, 2014

MENLO PARK, CA—U.S. Bank and St. Anton Partners have closed on a $96 million construction loan for the Anton Menlo Apartments. The 394-unit community, currently under construction and set to be completed in 2016, will provide much-needed housing in a jobs-rich Silicon Valley.

Located less than two miles from Facebook’s headquarters campus, Anton Menlo is the first significant multifamily development in Menlo Park in more than 30 years. While planning the development, St. Anton Partners and the City of Menlo Park worked closely with the community and regional groups to create an extensive bicycle and pedestrian program for the neighborhood and surrounding employers.

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