Belle-View 1 Belle-View 2 Belle-View 3 Belle-View 4
Situation/Challenges
  • Class B two-building office park
  • Acquisition loan
  • Foreign equity/ownership with two other U.S. holdings
  • Several tenants are subsidiaries of one parent company
  • Identified capital improvements needed during loan term
Solutions/Highlights
  • Structured cap-ex reserve to address identified repair items and maintenance
  • Property located in strong location just outside of CBD
  • Both buildings were recently renovated with exterior and interior improvements
  • Pre-payment flexibility
  • Non-recourse
  • 5-year term with extensions