Project Overview
Project Overview
Project Overview
Location
Pleasanton
Location
Pleasanton
Number of Units
22 Acres
Number of Units
22 Acres
Loan Amount
$60,000,000
Loan Amount
$60,000,000
Asset Type
Industrial
Asset Type
Industrial
Transaction Challenges:
» Majority vacant building at closing » Building had been vacant for an extended duration prior to sale » Sponsor requested the ability to tap additional proceeds based on achieving certain metrics in the future » Five years interest-only required from a balance sheet lender
Transaction Challenges:
» Majority vacant building at closing » Building had been vacant for an extended duration prior to sale » Sponsor requested the ability to tap additional proceeds based on achieving certain metrics in the future » Five years interest-only required from a balance sheet lender
ArrowREA Solution:
» Our team leveraged the strength of the Sponsor and lenders’ insatiable appetite for industrial assets to create a bidding war for the financing. » The opportunity was well received from both balance sheet lenders and debt funds. » Our team negotiated a deal with a regional balance sheet lender to finance 60% LTC at L+2.25% with a 15% springing repayment guarantee.
ArrowREA Solution:
» Our team leveraged the strength of the Sponsor and lenders’ insatiable appetite for industrial assets to create a bidding war for the financing. » The opportunity was well received from both balance sheet lenders and debt funds. » Our team negotiated a deal with a regional balance sheet lender to finance 60% LTC at L+2.25% with a 15% springing repayment guarantee.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.