Bandon Capital Advisors Provides $8M Acquisition Loan For Office Property In Orinda
FINANCED
$8,000,000
California
See Similar DealsOffice28,931 SF
Financed 03/17/2023
FINANCED
Bandon Capital Advisors Provides $8M Acquisition Loan For Office Property In Orinda
25 Orinda Way
See Similar DealsOffice28,931 SF
Financed 03/17/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$276
Total Square Footage:28,931 SF
Transaction Type:Loan
The asset involved in this transaction is an office space located at 25 Orinda Way in the Orinda market, encompassing a total square footage of 28,931. The loan associated with this property is an acquisition loan amounting to $8,000,000 with terms of a 30-year fully amortizing loan at a fixed interest rate of 5.875%.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,000,000
- Loan Type: Acquisition Loan
- Loan Terms: 30 Year Fully Amortizing Loan @ 5.875% Fixed
- Address: 25 Orinda Way
- Market: Orinda
- Lender: Correspondent Life Company - Bandon Capital Advisors, Inc. - Kamron Aghevli
Key individuals involved in this transaction include Kamron Aghevli, who represents the lender, Correspondent Life Company - Bandon Capital Advisors, Inc. This representation highlights the financial backing facilitating the acquisition of the office property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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