North San Jose Technology Park
$21,200,000 Bridge Loan & Joint Venture Equity
142,700 SF Office and R&D Complex
San Jose, CA
HRC secured $21.2MM of redevelopment capital including a $16.7MM non-recourse bridge loan and $4.5MM of joint venture equity for the North San Jose Technology Park. 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.