Wells Fargo Provides $75 Million Unsecured Line Of Credit For High-Net-Worth Family Office

The transaction involved an unsecured line of credit with a loan amount of $75,000,000. The asset is categorized under Note / Loan within the Nationwide market, designed to facilitate quick acquisitions of distressed class-A office assets.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $75,000,000
• Lender: Wells Fargo - Adam Bakhash
• Loan Type: Unsecured line of credit
• Loan Terms: 2 Years
• Brokers: David Oheb & Morgan Ben-Moshe - Meridian Capital Group

The client, a high-net-worth family office, sought a creative financing solution to execute quick-close, all-cash acquisitions. Meridian Capital Group engaged various private-wealth lending groups to secure a tailored financing solution, which was closed in partnership with Adam Bakhash at Wells Fargo. This process enabled the client to gain a competitive advantage in acquisition bids.