Irvine Office

The borrower is capitalizing on an opportunity to purchase a single-tenant office building adjancet to one he already owns. The purchase will give allow him to control a contiguous corner lot in a master planned business park located in the heart of Irvine. He plans to entitle and permit the site for a multi-story office building and then sell the site to a developer.

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  • Property Type Office
  • PurposeAcquisition
  • Gross Annual Coupon9.85%
  • Loan Amount$2,275,000
  • Loan to Value65.0%
Location

Irvine, California

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