222 Caspian
Summary
Regency Capital Partners (“RCP”) arranged the bridge and mezzanine financing for the acquisition of this 95,000 square foot, vacant, transit-oriented office building located in Moffett Park. RCP was able to secure a high leverage, non-recourse, financing strategy which would allow the Borrower to reposition the asset as a “first to lease building” in a strong, supply constrained submarket without the need for an institutional equity partner.
Transaction Details
| LOAN AMOUNT | $25,000,000 |
| FINANCING TYPE | Bridge and Mezzanine |
| LENDER TYPE | Private Fund |
| PROPERTY TYPE | Office |
PROPERTY ADDRESS |
222 Caspian Drive Sunnyvale, CA |
| PROPERTY DESCRIPTION | This is a 95,000 SF, partial 2-story building located in Sunnyvale, CA. |