Regency Capital Partners

75/125 Shoreway


75/125 Shoreway

Summary

Regency Capital Partners (RCP) arranged the acquisition financing for this 90% leased, two-building 83,000 SF office complex located in San Carlos, CA. The Property is less than 2 miles from Oracle and Electronics Arts' global headquarter campuses, while also walking distance to the Marketplace at Redwood Shores and Pacific Athletic Club. The Property is primarily focused on biotech tenants, and the Developer intends to re-position the asset for 100% biotech use. RCP secured a 65% LTC, floating rate, non-recourse loan at a sub 3.5% interest rate for the Borrower, enabling them to acquire and re-position this asset.


Transaction Details

LOAN AMOUNT $25,750,000
FINANCING TYPE Permanent
LENDER TYPE Domestic Bank
PROPERTY TYPE Office
PROPERTY ADDRESS
Map
75/125 Shoreway Drive
San Carlos, CA
PROPERTY DESCRIPTION This is a 83,000 SF two-building R&D office complex located in San Carlos, CA.