Updated Oct 29, 2026
Slatt Capital Arranges $17 Million Refinance For Ryan Ranch Office Park In Monterey, CA
30 Ragsdale Drive
$17,000,000
$177/SF
Building Size
95,895 SF
Asset Type
Office
Closing
Oct 23, 2026
About this deal
AI
Ryan Ranch Office Park is a multi-tenant office property located at 30 Ragsdale Drive in Monterey, California, encompassing 95,895 square feet. The property has undergone refinancing to secure a loan amount of $17,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $17,000,000
- Address: 30 Ragsdale Drive
- Market: Monterey, CA
- Asset Size: 95,895 SF
- Loan Type: Permanent (Refinance)
Slatt Capital facilitated the refinancing, with Michael Kaplan and Andrew Friedeberg representing the borrower throughout the transaction. The long-term permanent financing was secured from a life insurance company, with Kaplan leading the effort in collaboration with Friedeberg.
On the Map
$17,000,000
$177/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93