Barber Lane 1 Barber Lane 3 Barber Lane 4 Barber Lane 5
Situation/Challenges
  • Class B industrial office/manufacturing building
  • Refinance of an existing bridge loan
  • Building has been 100% vacant since 2014
  • Binary risk - high likelihood that building will be leased to a single tenant
  • Significant TI/LC facility needed to lease up the property and return it to stabilization
Solutions/Highlights
  • Structured over $5 million TI/LC facility
  • Sponsor has completed make-ready improvements over the last 18 months to modernize space for future marketing and leasing
  • Building is deliverable to the market immediately
  • Non-recourse
  • 5-year term plus extensions