Gallery Image #1 Gallery Image #2 Gallery Image #3 Gallery Image #4
Situation/Challenges
  • Acquisition financing
  • 64.2% combined occupancy at closing
  • Complicated reverse 1031 exchange situation
  • Release provisions requested by sponsor on four of the buildings
  • Expedited closing schedule needed
Solutions/Highlights
  • Property is the primary business park serving the area
  • Loan closed and funded in under 30 days of receiving a signed term sheet
  • Structured creative release provisions on the four requested buildings
  • Plans to convert to A10 perm loan within approximately 3 months
  • Non-recourse
  • Fixed-rate 3-year term plus extensions