Discounted payoff office acquisition financing in Albuquerque, NM

 

2 class “B” office buildings with 347,000 rsf. in Downtown Albuquerque

 

  • $18,000,000
  • Sub 80% occupancy
  • 92.3% loan to cost with non recourse to first time borrower
  • 24 month bridge loan to acquire & stabilized property
  • 10 month assignment managing pay off process with CMBS servicer and Institutional bridge lender
  • Funded by institutional debt fund