$24,150,000 | CIP Real Estate

Property: College Business Park
Location: Upland, CA
Description: A multi-tenant business park comprised of 17 buildings on 24 acres and totaling 313,417 rentable square feet. The sprawling campus environment with a common park area is located in one of the most desirable markets in the nation.
Loan Type: Bridge Acquisition Loan
Lender: Insurance Company

 

Client Benefits:

  • Interest rate locked at application to mitigate risk during a volatile period in the market
  • 3 years of interest only payments to maximize cash flow / IRR for the ownership
  • 5-year fixed rate term to eliminate interest rate risk
  • Negotiated loan structure to minimize asset management strain on borrower
  • No prepayment penalty after 30 months to maximize flexibility in the business plan