Mark Omid Bolour, DaJuan Bennett & Tyler Maghen Of BOLOUR Provide $22.25M Refinance For Office In Buena Park
California
See Similar DealsMark Omid Bolour, DaJuan Bennett & Tyler Maghen Of BOLOUR Provide $22.25M Refinance For Office In Buena Park
7000 Village Drive
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The asset involved in the transaction is an office property located at 7000 & 7001 Village Drive in Buena Park, with a total square footage of 144,000. A refinance loan amounting to $22,250,000 was secured for this property.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $22,250,000
- Loan Type: Refinance
- Loan Terms: 24 Months
- Lender: Mark Omid Bolour, DaJuan Bennett & Tyler Maghen - BOLOUR; BA Debt Fund
- Broker: David Milestone - CBRE
The lending solution was required due to below-market occupancy and upcoming debt maturity, prompting the need for a higher-leverage option. The lender's note highlights the provision of a leasing reserve to enhance stabilization and the importance of quick execution to meet deadlines and facilitate future leasing success.
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