Copley Corporate Center

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Copley Corporate Center

Property:

The property consists of one three-story building, containing approximately 120,483 rentable SF and a four-story 160,000 SF parking structure situated on 5.32 acres. The building, which was built in 2001.

Location:

San Diego, CA

Financing:

$21.2 million non-recourse permanent loan (75% LTV), 10 year term and 30-year amortization. Since the borrower was structured as a TIC, the lender only assigned recourse liability for the carve-outs to the corporate entity instead of the investors personally.

Skills

Posted on

July 24, 2015