logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
United States
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Segments

      Advisory Services

      Global Workplace Solutions

      Real Estate Investments

      • Advisory & Transaction Services
      • Capital Markets
      • Project Management
      • Property Management
      • Valuation & Advisory Services
      • Advisory & Transaction Services | Occupier
      • Client Strategy and Consulting
      • Facilities Management
      • Project Management
      • Development Services (Trammell Crow Company)
      • Flexible Space Solutions (Hana)
      • Investment Management (CBRE Global Investors)
    • Services for Investors
      • Appraisal Management
      • Debt and Loan Valuation
      • Federal Government Leases
      • Host
      • Investment Banking
      • Loan Servicing
      • Property Sales
      • Valuations for Financial & Tax Reporting
      • Corporate Capital Markets
      • Debt & Structured Finance
      • Forecasting & Analytics
      • Leasing & Advisory
      • Litigation Support
      • Net Lease Properties
      • Small Balance Lending
      • Construction Risk Management
      • Energy & Sustainability
      • Going Concern Valuation
      • Investment Accounting & Reporting Solutions
      • Loan Portfolio Sales
      • Property Management
      • Telecom Advisory
    • Services for Occupiers
      • Business Transition & Move Management
      • Energy & Sustainability
      • Host
      • Location Analytics
      • Portfolio Services
      • Space Enablement
      • Client Strategy and Consulting
      • Expense Management Solutions
      • Labor Analytics
      • Location Incentives
      • Project Management
      • Workplace
      • Corporate Capital Markets
      • Facilities Management
      • Leasing & Advisory
      • Network Advisory
      • Real Estate Accounting
    • Asset Types & Specialties
      • Office
      • Aerospace and Defense
      • Data Centers
      • Golf & Resorts
      • Multifamily
      • Parking
      • Industrial & Logistics
      • Affordable Housing
      • Hotels
      • Land
      • Nonprofit
      • Self-Storage
      • Retail
      • Aviation Properties
      • Gaming
      • Manufactured Housing
      • Omnichannel
      • Senior Housing
    • Industry Sectors
      • Industrial & Logistics
      • Energy, Oil & Gas
      • Law Firms
      • Technology, Media & Telecom
      • Retail
      • Financial Services
      • Life Sciences
      • Data Centers
      • Healthcare
      • Student Housing & Education
  • Properties
  • Research & Insight
    • Latest National Research & Reports
      The Way Forward
      Weekly Insights
      Reopening the World's Workplaces
      COVID Resource Center
  • People & Offices
  • About CBRE
    • Careers
      Case Studies
      Corporate Information
      Corporate Responsibility
      Executive Leadership - Global
      Investor Relations
      Media Center
      Suppliers

Next

Press Release
CBRE Group, Inc. Named Top Real Estate Brand in Lipsey Survey for 20th Consecutive Year
  • About CBRE
  • Media Center
  • CBRE Capital Markets Secures $8.8 Million in Financing for 12,800-Square-Foot Vacant Office Building

CBRE Capital Markets Secures $8.8 Million in Financing for 12,800-Square-Foot Vacant Office Building

January 7, 2016
  • Email
  • Share
  • Tweet
  • Share
San Francisco, CA – January 7, 2016 – CBRE Capital Markets’ Debt & Structured Finance team has secured $8.8 million in non-recourse financing for 610 Walnut Street, a vacant, 12,800-square-foot, two-story, downtown office building prominently located in Redwood City, California.

Michael Walker of CBRE’s San Francisco office arranged the financing on behalf of an entity owned by Windy Hill Property Ventures in connection with their off-market acquisition of the property. CBRE secured the fixed-rate financing from an East Coast-based life insurance company. The six-year, balance sheet financing is priced aggressively on a fixed-rate basis and has a flexible step-down prepayment structure.

“The life company balance sheet financing we secured for Windy Hill really is an outlier; The loan provides for 80% of total cost to acquire, reposition and re-tenant the building at terms that are priced well inside where most lenders would transact,” said Mr. Walker. “Life companies don’t traditionally finance vacant office buildings. The lender’s attraction to this deal is a testament to the talented team at Windy Hill and the strength of the Redwood City submarket.”

The property is located near the intersection of two main Redwood City arteries—Veterans Boulevard and Main Street — offering convenient access to numerous restaurants, retailers and a thriving downtown commercial center. It is adjacent to the Kaiser Permanente Redwood City Medical Center Hospital and benefits from convenient access to public transportation; located within one mile from the Cal-Train Sequoia station, and half a mile to the Highway 101 on-ramp.

Based on tenant demand, existing leasing activity and developer/investor interest, the San Francisco Peninsula area surrounding the Property is poised for continued growth and investment. Technology tenants continue to grow and occupy available office space in the Peninsula submarkets putting upward pressure on asking rents.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Contact

Consectetur Adipiscing
555-123-4567
555-123-4568
555-123-4569
$name
Elit Adipiscing
555-123-4567
555-123-4568
555-123-4569
$name
Consectetur Adipiscing
555-123-4567
555-123-4568
555-123-4569
  • Corporate Information
  • Corporate Responsibility
  • Case Studies
  • Media Center
  • About Us
  • Careers
  • People and Offices
  • Global Leadership
  • Investor Relations
  • Contact Us
  • Global Web Privacy and Cookie Policy
  • Sitemap
  • Terms of Use
  • United States Privacy Policy
  • Our Response to SCHREMS II
  • Twitter
  • Facebook
  • LinkedIn