$69,500,000
Thousand Oaks, CA
Transaction Type
Loan Refinance
Non-Recourse
Loan Type
Bridge Loan
Situation & Challenges
- Refinance of maturing bridge loan
- Significant value-add through new leasing
- Pad site redevelopment
- Extensive rent roll with complicated reimbursement schedules
Solutions & Highlights
- Provided tenant improvement/leasing commission (TI/LC) future facilities for the majority of new leasing costs
- Provided CapEx funds for vertical development of pad sites
- 3-year term with extension options