CASE STUDIES
West Valley Executive Park
Loan Amount: $14,100,000
Closed: 4th Quarter 2004
Location: 4010-4040 Moorpark
San Jose, California
Client:
ATC Partners, San Francisco, CA
Property:
4 Building, 126,675 NRSF office complex
Assignment:
Arrange three-year, variable rate, acquisition and repositioning financing.
Challenges:
Timing: Quick close transaction
San Jose office market 15% vacant.
High near term roll over - 42% during the first 24 months
Results:
70% loan to total cost.
Rate: LIBOR +250
Amortization: 25 years
Liability: Non-recourse
Lender Fee: 1%
35 day close from Application
