$32.4MM Non-Recourse on Flex R&D in Silicon Valley

Transaction Content

  • Summary: Borrower sought maximum leverage at the lowest 10 year fixed rate on this single tenant building. The primary challenge was the lease’s base term did not extend past the loan term and there was limited financial information on the tenant. BluePoint identified a lender that believed in the tenant’s commitment to the space and the strength of its parent company. We were ultimately able to leverage the strength of tenant’s parent company to gain preferred pricing, despite the parent company not being on the lease.
  • Property: Flex R&D
  • Location: Silicon Valley
  • Loan Amount: $32,400,000
  • LTV: 65%
  • Fixed Period: 10 Years
  • Term: 10 Years
  • Amortization: 30 Years
  • Recourse: Non-Recourse