Suburban Office - Tenants-in-Common
Lighthouse acted as exclusive advisor to provide financing for an office property in Bakersfield, CA. The borrowing entity is a Tenants-in-Common (TIC) structure with 15 Borrowers. The property is an 85% occupied, 196,641 square foot, multi-tenant office building, on a 5.5 acre parcel.
Deal Complexity: Full leverage financing on a Suburban office property with 85% occupancy. The borrowing entity consisted of 15 TIC Borrowers. High loan PSF for the market.