Pointe West Business Park

Saratoga Springs Apartment Complex
September 21, 2019

Preferred Equity: $5,200,000
Fixed Rate Loan: $12,500,000

Nine Buildings, 146,000 Sq. Ft. Multi-Tenant Business Park Sacramento, CA

Knightsbridge structured the above financing for the acquisition of a nine building, multi-tenant business park. Noteworthy aspects of the transaction included:

Noteworthy aspects of the transaction include:
  • The Preferred Equity was structured as a “bridge equity” facility, allowing the Sponsor to replace the capital through a tenant-in-common syndication.
  • Knightsbridge secured additional flexibility for the client by allowing the Preferred Equity to convert to Joint Venture Equity should the tenant-in-common subscription fail to consummate.