$11.9M Bridge Loan;

 

Property:

100% fee simple development site entitled for an 18-story, +/- 414,852SF environmentally sustainable mixed-use development.

Location:

Downtown Berkeley, CA

Financing:

HRC arranged an $11.9M 2-year bridge loan with a national lender in the 5% interest rate range. Temporary financing was needed to take out a maturing bank loan and provide the client additional time in preparation for the asset sale.