Regency Capital Partners

Oak Creek Technology Center


Oak Creek Technology Center

Summary

Regency Capital Partners (“RCP”) arranged acquisition financing for this 192,000 square foot, Class B business park located in Milpitas, California. With the property 100% vacant and the Milpitas market still stabilizing, RCP was able to convince the lender that the client’s local expertise and financial strength, along with the asset’s excellent location, provided excellent credit support to fund this 75% loan to cost, non-recourse bridge loan which additionally funded 100% of CapEx, TI/LCs along with any interest shortfall incurred.


Transaction Details

LOAN AMOUNT $30,150,000
FINANCING TYPE Bridge
LENDER TYPE Credit Company
PROPERTY TYPE Office
PROPERTY ADDRESS
Map
804 Buckeye Ct.
Milpitas, CA
PROPERTY DESCRIPTION A 192,000 square foot R&D park, encompassing four buildings, located in Milpitas, California.