Regency Capital Partners

8880 Cal Center


8880 Cal Center

Summary

Regency Capital Partners (“RCP”) arranged acquisition financing for this four-story, 120,000 square foot, Class A office building in Sacramento, California. Despite occupancy of 76%, and additional near-term rollover, RCP was able to convince this investment bank to provide a 10-year, non-recourse, 80% of cost fixed rate loan priced at under 5.50%, far exceeding the expectations of the client. Additionally, RCP convinced the lender that the client’s financial strength and experience would be sufficient to cover any re-tenanting costs, thereby avoiding any restrictive reserves.


Transaction Details

LOAN AMOUNT $20,000,000
FINANCING TYPE Permanent
LENDER TYPE CMBS Lender
PROPERTY TYPE Office
PROPERTY ADDRESS
Map
8880 Cal Center
Sacramento, CA
PROPERTY DESCRIPTION A four-story, 120,000 square foot, Class A office building in Sacramento, California.