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Highbridge Equity Partners Refinances Oakland Office Portfolio For $111M Loan

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FINANCED
$111,000,000

California

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Office300,000 SF
Financed 01/27/2022
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FINANCED

Highbridge Equity Partners Refinances Oakland Office Portfolio For $111M Loan

409 13th Street, Oakland, California 94612, United States

See Similar Deals
Office300,000 SF
Financed 01/27/2022
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$370
Total Square Footage:300,000 SF
Transaction Type:Loan

Highbridge Equity Partners recently completed a refinance loan for an office property in Oakland. The property, located at 409 13th Street, 1500 Broadway, and 405 14th St., spans a total of 300,000 square feet. The loan amount for this transaction was $111,000,000, and it was a 5-year, floating rate loan.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $111,000,000
  • Address: 409 13th Street, 1500 Broadway, 405 14th St.
  • Market: Oakland
  • Loan Type: Refinance Loan
  • Loan Terms: 5-year, floating rate

The financing for this transaction was facilitated by Brad Zampa & Mike Walker from CBRE Capital Markets, who represented the borrower. The deal was successfully executed by Highbridge Equity Partners, the landlord involved in the transaction.

Players

Bradford "Brad" Zampa
20 deals$2.1B volume
BROKER

Michael "Mike" Walker
CBRE
19 deals$2.1B volume
BROKER

LANDLORD

Details

FINANCED
IMAGE: Brad Zampa & Mike Walker DATE: 01/27/2022 ADDRESS: 409 13th Street, 1500 Broadway & 405 14th St. MARKET: Oakland ASSET TYPE: Office ~ SF: 300,000 LANDLORD: Highbridge Equity Partners BROKERS: Brad Zampa & Mike Walker (Debt and Structured Finance) - CBRE Capital Markets LOAN AMOUNT: $111,000,000 LOAN TYPE: Refinance Loan LOAN TERMS: 5-year, floating rate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$111,000,000.00

Monthly NOI$740,000.00
Monthly Debt Service$701,595.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00