CASE STUDIES

5901 Christie Avenue

Loan Amount: $4,900,000 Closed: 1st Quarter 2005 Location: 5901 Christie Avenue Emeryville, California
	Client: Scher Investment Group
	Property: A multi-tenanted office building in Emeryville, CA
	Assignment: Arrange re-finance of existing debt
	Challenges: High vacancy rate in market area Non-investment grade tenants Older asset Tenants-in-common ownership structure
	Results: $4,900,000 Rate: 10 year Treasury plus 118 bps, 3 years Interest Only Fees: par Liability: Non-recourse