$18,250,000 | Newport National

Emerald Lake Corporate Centre | Carlsbad, CA

The office building is an 83,917-square-foot, three-story, Class A, Energy Star certified office building located at the northwest entrance to the Carlsbad Research Center. The property offers quick access to I-5 via Cannon Road, panoramic views of the adjacent open space, and beautiful exterior common areas.

Loan Type

Bridge Loan

Capital Provider

Private CRE Finance Company

Client Benefits:

• Two-year, non-recourse loan
• Three one-year extension options
• IO for the initial term and first extension option
• Prepayment flexibility
• Future funding for TI/LC costs