Office
Discounted Pay Off w/Replacement 1st Trust Deed to 88% of the New Basis
5 – 22 – 13 Transaction Description: Bryan Shaffer successfully structured a discounted pay off on a 38,000 square foot distressed office/flex building in the High Desert of Southern California. The project market was greatly impacted by the economic downturn. … Continue reading
$1,350,000 Cash-Out Refinance of a Mixed Use SoCal Asset
5 – 1 – 13 GSP placed the cash-out refinance of a restaurant anchored office building in Southern California. Additional loan proceeds were used to consolidate non-related, higher priced debt. The 10 year term is fixed for the first five … Continue reading
Five-Week Life Company Close on 65% Occupied Office Building
4 – 10 – 13 Transaction Description: J. Jay Brooks placed the no-cash-out refinance of a single tenant office building in a secondary Colorado market. The asset is leased to a single tenant for ten years but was only 65% … Continue reading
$3,350,000 Garden Style office in Secondary Market
2 – 20 – 13 Transaction Description: George Smith Partners successfully replaced a hard money loan with institutional debt on an underperforming garden style office building in Southern California. The prior loan had ballooned although the Borrower had yet to … Continue reading
$2,140,000 Office Acquisition to 90% of Cost
2 – 13 – 13 GSP arranged the 90% of purchase acquisition financing for a San Fernando, California office asset. The Borrower had been operating as a tenant from this location and exercised his option to purchase. Despite the high … Continue reading
$17,500,000 (65% LTV) Cash-Out Refinance of Class B- Mixed Use/Retail & Office
1 – 17 – 13 Transaction Description: GSP successfully placed the cash-out refinance ($10,000,000 cash out) of two twin, mid-rise, Class B- retail & office towers located adjacent to Downtown Los Angeles, California. The 348,561 sf buildings house an 80,000 … Continue reading
$6,600,000 Office Building Acquisition Financing in Encino, California
11 – 29 – 12 Transaction Description: GSP arranged the 90% of cost acquisition financing for a multi-tenant office building in Encino, California. The client occupied portions of different office buildings in the market. This purchase allowed the Borrower to … Continue reading
3.95% Ten Year Fixed Rate Refinance
11 – 7 – 12 Transaction Description: GSP successfully placed the refinanced of a pair of Playa Del Rey office buildings for a prominent Los Angeles law firm. The borrower requested a minimum of 10 years fixed for this owner/user … Continue reading
$4,750,000 Retail/Office Cash-Out Refinance
10 – 31 – 12 Transaction Description: GSP arranged financing for a mixed-use, stabilized retail and office property in a prime Santa Barbara location. The garden-style property has a mix of retail, office, and medical office uses. The Sponsor requested … Continue reading
$1,360,000 Office Building Cash-Out Refinance to 80% LTV
8 – 8 – 12 Transaction Description: Shahin Yazdi successfully placed the 80% loan-to-value cash-out refinance of construction contractors’ corporate headquarters in Ann Arbor, MI. Proceeds from the conventional loan (non-SBA financing) were reinvested into the operating company for capital … Continue reading