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CM Capital Secures $200M Refinancing From Rothesay Life For 525 University Avenue In Palo Alto

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FINANCED
$200,000,000
Jim Korinek
Bruce Francis
Shaun Moothart
+ 1

California

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Office194,000 SF
Financed
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Property Image
FINANCED

CM Capital Secures $200M Refinancing From Rothesay Life For 525 University Avenue In Palo Alto

525 University Avenue

See Similar Deals
Office194,000 SF
Financed
Jim Korinek
Bruce Francis
Shaun Moothart
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1030
Total Square Footage:194000 SF
Transaction Type:Loan

525 University Avenue is a 194,000-square-foot office high-rise located in the Palo Alto market. The asset was recently refinanced for $200 million following significant renovations that enhanced its office space and added ground-floor retail options.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $200,000,000
  • Address: 525 University Avenue
  • Market: Palo Alto
  • Lender: Rothesay Life
  • Landlord: Rina Bhagwati - CM Capital
  • Broker Representatives: Jim Korinek, Bob Ybarra, Bruce Francis & Shaun Moothart - CBRE
  • Loan Type: Refinance

CM Capital played a significant role in securing the refinancing for the property, facilitated by Rothesay Life. This deal represents one of the largest life insurance debt executions for a West Coast office building in 2025, with the arrangement executed through CBRE.

Players

Bruce Francis
CBRE
Bruce Francis
18 deals$717.8M volume(602) 524-0826
BROKER
Jim Korinek
CBRE
Jim Korinek
11 deals$494.5M volume(650) 255-2345
BROKER
Robert (Bob) Ybarra
CBRE
Robert Ybarra
20 deals$897.8M volume
BROKER
Shaun Moothart
CBRE
Shaun Moothart
21 deals$793.5M volume
BROKER
Rothesay Life
Rothesay Life
LENDER

Details

FINANCED
IMAGE: Rina Bhagwati, Jim Korinek, Bob Ybarra, Bruce Francis & Shaun Moothart DATE: 01/28/2026 ADDRESS: 525 University Avenue MARKET: Palo Alto ASSET TYPE: Office ~ SF: 194,000 LENDER: Rothesay Life LANDLORD: Rina Bhagwati - CM Capital BROKERS: Jim Korinek, Bob Ybarra, Bruce Francis & Shaun Moothart (@Smooth__Art) - CBRE (@CBRE) LOAN AMOUNT: $200,000,000 LOAN TYPE: Refinance NOTE: CM Capital secured a $200M refinancing for 525 University Avenue, a 194,000-square-foot high-rise in downtown Palo Alto, following a major renovation that added modern office space and ground-floor retail. Rothesay Life provided the loan, arranged by CBRE, marking one of the largest life insurance debt executions for a West Coast office building in 2025.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$200,000,000.00

Monthly NOI$1,333,333.33
Monthly Debt Service$1,264,136.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00