$28,000,000 | Newport National

Summit Pointe | San Diego CA

150,000 square foot class A office building with future development opportunity on the 20.95-acre site.

Loan Type

Bridge Acquisition Loan

Capital Provider

Debt Fund

Client Benefits:

• Tenant improvement, leasing commission, and interest reserve to support re-tenanting and stabilization of the property
• Partial release allowing for flexibility in realizing additional development
• Extension option to maximize time to execute the value add strategy
• Interest-only payments to maximize cash flow
• No prepayment penalty or exit fee