Alta West Partners Secures $49.75 Million Bridge Loan From Forbright Bank For Office In Westlake Village

The asset involved in the transaction is an office property located at 112 Lakeview Canyon Road in Westlake Village, encompassing a total square footage of 275,000. The loan amount for this property is $49,750,000, secured through a bridge loan with a term of 3 years. The property is known as Lakeview Innovation Center, which is 100% leased, strategically positioned as a research and development and office campus in Thousand Oaks, California.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $49,750,000
• Loan Type: Bridge
• Loan Terms: 3 Years
• Lender: Forbright Bank
• Borrower: Alta West Partners
• Brokers: Jeff Sause, Marc Schillinger, Joshua Blank, Alex Olson, Jalynn Borders & Danny Ryan - JLL

The transaction was facilitated by JLL, which arranged the bridge financing for the property, ensuring that the financing aligned with the strategic positioning of the campus in the market. The brokers involved played a critical role in the execution of this loan arrangement.