$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.
Bridge Acquisition Loan
- 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
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