±105K SF Office & ±22K SF Industrial
Advisors:
David Bruni
Location: Burlingame & Pleasanton, California
Lender type: Fund
Property type: Office & Industrial
Transaction type: Refinance
Loan amount: $11,000,000
TRANSACTION DESCRIPTION
Slatt Capital Principal David Bruni arranged an $11,000,000 refinance of an existing CLO loan on a partially vacant office building in Pleasanton, California, with a debt fund. Due to current market sentiment towards office and the subject property’s vacancies, the loan included cross-collateralization with a recently renovated industrial property in Burlingame, California. While additional collateral wasn’t the only option, it was the cleanest solution for David’s long-time client's CRE portfolio.
