| Property: | Summit Pointe |
| Location: | San Diego, CA |
| Description: | 150,000 square foot class A office building with future development opportunity on the 20.95-acre site. |
| Loan Type: | Bridge Acquisition Loan |
| Lender: | 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
- IO payments to maximize cash flow
- No prepayment penalty or exit fee