$18,025,000 | CIP Real Estate

Property: Eden Landing Business Park
Location: Hayward, CA
Description: A 10 building multi-tenant business park totaling 195,000 SF within the highly
sought-after Hayward industrial market. The property features attractive
landscaping, generous car parking and grade level loading. Eden Landing is
located immediately off SR-92 and only 11.2 miles from Oakland International
Airport.
Loan Type: Acquisition Bridge Loan
Lender: Money Center Bank

 

Client Benefits:

  • Maximum loan proceeds maintained despite occupancy fluctuations during the acquisition due-diligence period
  • The loan provides for future funding to finance capital improvements
  • Three-year loan term with two one-year extension options minimizes loan maturity risks
  • Interest only payments for the loan term maximizes the cash yield for the investor
  • Rapid prepayment penalty burn down to elimination provides flexibility for the borrower