Mark Omid Bolour & DaJuan Bennett Of BOLOUR Provides $13M Refinance Loan For San Diego Life Sciences Asset

The asset involved in the transaction is a life sciences property located at 6680 Cobra Way in San Diego. This property encompasses 35,462 square feet. The transaction was a refinance loan amounting to $13,000,000.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $13,000,000
• Loan Type: Refinance
• Loan Terms: 24 Months
• Lender: Mark Omid Bolour & DaJuan Bennett - BOLOUR; BA Debt Fund
• Landlord's Rep: Scott Selke - Cushman & Wakefield

This refinancing transaction was expedited by the lender to accommodate the borrower's need to refinance maturing debt and to set aside funds for tenant improvements for a single-tenant R&D lab buildout. BOLOUR demonstrated flexibility and speed in supporting the borrower's business plan.