Single Asset Refinance and Debt Consolidation:$220M

Leasing re-positioning play

  • $250M funding limit secured by CBD office building
  • Funds used to refinance dormant lender and facilitate lease re-positioning play
  • Challengers included leverage 10-15% in excess of major bank offerings
  • Capacity to lease up and be rewarded with cheaper cost of debt once hurdles met
  • Non-recourse