OC Single Property
5 Building Industrial Portfolio
Newport Beach, CA
$7,000,000
34,500 SF | Insurance Company
Overview
The soil had been contaminated by a previous user. At considerable cost and effort, Landlord cleaned up the site but was suffering under high cost financing while awaiting formal recognition of closure by oversite agencies. Institutional Lenders were fearful to lend until this formal recognition of closure had been obtained.
Solution: Pathfinder placed the loan with an insurance company by building a case which assured that formal closure was immanent and by recognizing this fact the Lender had been presented with a unique opportunity to win the business.
Solution: Pathfinder placed the loan with an insurance company by building a case which assured that formal closure was immanent and by recognizing this fact the Lender had been presented with a unique opportunity to win the business.
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