California Mixed-Use Property Recapitalization Financing
$79,000,000
Santa Monica, CA
- Loan Type: Property Recapitalization Financing
- Property: Class A, 80,027 square foot office, retail, and parking garage asset.
- Scenario: Trevian's loan provided tenant improvements and leasing commission capital and runway to lease up and stabilize the property, as the sponsor looks to re-tenant the two vacant office floors on the 12% occupied iconic asset one block off of the Santa Monica Pier.
- Result: Trevian provides bridge loans nationwide on transitional real estate that needs time and proceeds to reach stabilization.
