Business News • MarketWire • Talonvest Capital Procures Refinance Loan for Class A Office Building |
Talonvest Capital Procures Refinance Loan for Class A Office Building |
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Talonvest Capital Procures Refinance Loan for Class A Office Building
IRVINE, CA--(Marketwired - January 03, 2018) - Talonvest Capital, Inc. successfully negotiated and closed an $18.25 million bridge loan to refinance a maturing bank loan and provide additional funds for tenant improvements and leasing costs at Emerald Lake Corporate Centre in Carlsbad, CA. The non-recourse, LIBOR based floating rate loan, provided by a private commercial real estate finance company with discretionary capital, has a two-year initial term with extension options for an additional three years. Scott Brusseau, President of Newport National Corporation, commented, "The Talonvest team utilized its capital market expertise and vast lending network to quickly deliver the right lender with good terms and the ability to close in a timely manner."
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