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  • Refinance of a maturing CMBS loan
  • 7-building flex office/industrial
  • 80% occupied at closing
  • Majority of tenants are short-term in nature
  • Several tenants have leases expiring during the first year of the loan term
  • Structured reserve to address rollover during the loan term
  • Strong historical occupancy with recent positive leasing activity
  • Excellent proximity to major area highways
  • Non-recourse
  • Fixed-rate loan with 10-year term