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
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