Regency Capital Partners

Mt. Diablo Terrace


Mt. Diablo Terrace

Summary

Regency Capital Partners (RCP) arranged a $21,000,000 loan for the acquisition of an 81,767 SF, multi-tenant office complex in Lafayette, CA, which consists of three separate buildings originally constructed in 1982. Despite the property having tenants at below market rents with short term rollover, RCP secured a non-recourse, 10-year fixed rate debt at 70% LTV based on a 7.75% debt yield on current income and a 1.25x debt coverage ratio, with the loan providing five years of interest only.


Transaction Details

LOAN AMOUNT $21,000,000
FINANCING TYPE Permanent
LENDER TYPE International Bank
PROPERTY TYPE Office
PROPERTY ADDRESS
Map
3466 Mt. Diablo Terrace
Lafayette, CA
PROPERTY DESCRIPTION This is a three building, 81,767 SF office complex located in Lafayette, CA.