Genesis Commercial Capital And JR Asset Management Secure $147.5M Loan For Office In Mountain View

750 Moffett Boulevard is a Class A office property located in Mountain View, California, comprising 221,788 square feet on 7 acres of land. The property is fully occupied by Google and has secured a loan amount of $147.5 million which consists of a senior loan from UMB Bank and financing from Nuveen Green Capital.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $147,500,000
• Address: 750 Moffett Boulevard
• Market: Mountain View, CA
• Lender: UMB Bank & Nuveen Green Capital
• Landlord: Genesis Commercial Capital & JR Asset Management
• Brokers: Mike Walker, Brad Zampa & Andy Gross - CBRE
• Loan Terms: non-recourse

Genesis Commercial Capital and JR Asset Management arranged financing for this property through a structured deal that included a $26 million senior loan and $121.5 million in C-PACE financing, all facilitated by CBRE to refinance existing debt.