FINANCED
KKR Real Estate Finance Trust Provides $581M Construction Loan For Development Site In Redwood City, CA
SEC Beech Street & Main Street
Development Site
600,000 SF
600,000 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Development Site
600,000 sqft
A development site located at SEC Beech Street & Main Street in Redwood City, CA has been involved in a recent loan transaction. The property spans across 8 acres and has a buildable square footage of 600,000. The deal took place on October 25, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $581,000,000
- Loan Type: Construction Loan
- Loan Terms: five-year loan
KKR Real Estate Finance Trust, represented by Matt Salem, provided a construction loan of $581,000,000 for the development site. The loan terms are set for a five-year period. IQHQ, represented by Stephen Rosetta and Jonathan Praw, acts as the landlord for the property.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Matt Salem & Stephen Rosetta
DATE: 10/25/2022
ADDRESS: SEC Beech Street & Main Street
MARKET: Redwood City, CA
ASSET TYPE: Development Site ~ BSF: 600,000 ~ ACRES: 8
LENDER: KKR Real Estate Finance Trust - Matt Salem
LANDLORD: IQHQ (@IQHQREIT) - Stephen Rosetta & Jonathan Praw
LOAN AMOUNT: $581,000,000
LOAN TYPE: Construction Loan
LOAN TERMS: five-year loanView on map
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AddressSEC Beech Street & Main Street
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