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.