Joint Venture Equity: $4,916,250
Senior Bridge Loan: $9,425,000

Knightsbridge arranged non-recourse bridge debt financing and joint venture equity for the acquisition of a 121,143 square foot, 2-story office building in Brea California.

Knightsbridge overcame the following challenges:

• The property was 50% occupied in a market where economic fundamentals were just starting to show improvement.
• The owner was in default and the property had been placed into receivership.
• Limited comparable sales and market leasing activity.
• Identified non-recourse financing.