| Transaction Description: |
| $5,500,000 Mezzanine Financing for 230,000 Sq. Ft. Office Complex in Silicon Valley. GSP arranged 80% of total project cost non-recourse senior debt for the acquisition and reposition of this property in January 2007. The senior/mezz loan total provides 89% leverage. This financing is fixed rate, non-participating. Property specs: three early 1980’s buildings (large building is 130,000 sq. ft. plus 2 x 50,000 sq. ft.), two stories each, 70% occupied, 9.5 acre site, campus feel, well-landscaped, great visibility. Reposition: new exterior façade, improved main lobbies and renovation of all empty spaces to “market ready” condition. |
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