| Property: | Fremont Business Center |
| Location: | Fremont, CA |
| Description: | Five, high-quality R&D buildings totaling 148,926 square-feet in Fremont, just north of the world-renowned Silicon Valley. The facilities offer a diverse range of suite sizes from 5,736 SF to 28,391 SF to capture a variety of tenant uses. The property encompasses a variety of desirable features including recent capital improvements, ample parking, quality tenants with staggered rollover at below market rents, and individually parceled buildings offering multiple addresses. |
| Loan Type: | Bridge Acquisition Loan |
| Lender: | National Bank |
Client Benefits:
- Met requirement for 45 day closing per the PSA
- Non-recourse bank loan to minimize contingent obligations
- Future funding for capital improvements and leasing costs to execute the business plan
- Individual release provisions to maximize business plan flexibility