CASE STUDIES
Nokia Building
Loan Amount: $10,000,000
Closed: 2nd Quarter 2005
Location:
2235 Mercury Way
Santa Rosa, California
Client:
Trio Pacific, LLC., San Francisco, CA
Property:
A two-story, 128,344 NRSF office building located on approximately 8 acres of land in the City of Santa Rosa, California.
Assignment:
Arrange 10 year, fixed rate financing to refinance the Subject Property.
Challenges:
Suburban office market with 20%+ vacancy
Property's occupancy at 79%
Lead Tenant (75% of space) not in occupancy
Results:
$10,000,000
Rate: 10 year Treasury plus 89 bps, 30 year amortization. 5 years Interest Only
Fees: Par
Liability: Non-recourse
