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Situation/Challenges
  • Less than 50% occupied building
  • Small portion of construction remaining on the project
  • Building age of +100 years
  • Valuation of future greenhouse space
  • No Parking
Solutions/Highlights
  • Three-year bridge loan, full term I/O, fixed rate
  • T/I facilities for executed leases
  • CapEx facility for construction of additional office space and greenhouses w/ completion guarantee
  • Strong sponsor w/ a proven track record
  • Customer has a strong balance sheet
  • Mixed-use building in a strong market