Regency Capital Partners

3901 North First Street


3901 North First Street

Summary

Regency Capital Partners (RCP) arranged the bridge financing for the acquisition of this 65,000 SF, vacant R&D building located in north San Jose. The project will offer tenants SF SOMA style interiors with exposed wood beams, high ceilings and polished concrete floors. Other amenities will be a private outdoor area, glass roll-up doors and industrial power capacity. RCP secured high leverage, non-recourse financing, which allowed the Borrower to re-position the asset as a "first to lease building" in a vibrant, supply constrained submarket without the need for an institutional equity partner.


Transaction Details

LOAN AMOUNT $18,500,000
FINANCING TYPE Bridge
LENDER TYPE Private Fund
PROPERTY TYPE Office
PROPERTY ADDRESS
Map
3901 North First Street
San Jose, CA
PROPERTY DESCRIPTION This is a 65,000 SF office building in north San Jose, CA.