Property

142,700 sq.ft office and R&D complex

Location

San Jose, CA

Financing

$21.2MM redevelopment capital including a $16.7MM non-recourse bridge loan and $4.5MM of joint venture equity. Despite a high overall R&D vacancy level in the market at the time, the deal positioned the sponsor to take advantage of a rising market substantial cash flow being generated by the high quality, highly visible assets