Gallery Image #1Gallery Image #2Gallery Image #3Gallery Image #4
  • 59% combined occupancy at closing
  • One of the buildings is 100% vacant
  • Previous owners were reluctant or unable to provide capital for building improvements
  • Future cap-ex and TI/LC facilities needed to invest in building upgrades and lease-up vacant space
  • Borrower requesting partial release provision for a portion of the collateral
  • Property has no rollover risk over the loan term
  • Structured over $1.2 million in cap-ex and TI/LC facilities
  • Structured creative release provision
  • Well located with access to the local freeway system
  • Non-recourse
  • Fixed-rate bridge loan with a 3-year term plus extensions