Updated Mar 6, 2025
Bellwether Enterprise Real Estate Capital LLC Secures $77M Construction Loan For Office Building In Irvine
Irvine, California, United States
$77,000,000
$375/SF
Building Size
205,000 SF
Asset Type
Office
Closing
May 5, 2022
About this deal
AI
The property involved in this transaction is an office space located in Irvine, with a total square footage of 205,000. The deal was closed on 05/05/2022 in the Irvine market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $77,000,000
- Loan Type: Construction
The landlord for this property is Bellwether Enterprise Real Estate Capital LLC, represented by Tom Kenny, Josh Boehling, and Alex Gregoire. They facilitated the loan for the transaction, which amounted to $77,000,000. The loan type for this deal was the construction loan.
On the Map
$77,000,000
$375/SF
Office
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Players
Irvine Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93