Highland Realty Capital Secures $15.45M Loan For Alhambra Office Acquisition

The property located at 320 South Garfield Avenue in Alhambra is an office building with a total square footage of 60,500. The transaction involved a loan amount of $15,445,000 for the acquisition of the asset. Broadmoor Capital served as the landlord in this deal, while the brokers Jeffrey Eliason and Leland Ortega from Highland Realty Capital facilitated the transaction.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $15,445,000
• Market: Alhambra
• Address: 320 South Garfield Avenue
• Loan Type: Acquisition
• Loan Terms: Highland arranged $6.345M JV Equity and $9.1M Bridge Debt for Acquisition and Medical Office Condo Conversion of the Asset

Highland Realty Capital played a crucial role in securing the loan for the acquisition of the office building, showcasing their expertise in the financial aspects of real estate transactions. The collaboration between the brokers and the lender highlights the importance of skilled professionals in navigating complex deals like this one.