Gallery Image #1 Gallery Image #2 Gallery Image #3 Gallery Image #4
Situation/Challenges
  • Acquisition financing
  • 3-story "S" shaped building
  • 84% occupied at closing
  • Major tenant has an early termination option during loan term
Solutions/Highlights
  • Property had substantial renovations completed in 2016
  • Executed leas with a future tenant, who, once in place, will bring occupancy up to 94.7%
  • Sponsor is an experience local operator with other holdings in the area
  • Non-recourse
  • 10-year term