The subject property is a multi-tenant office building located on the same street as Apple, Inc and in close proximity to the affluent Cupertino and Saratoga neighborhoods. The 6,222 square foot property sits in a highly visible corner of De Anza Blvd, just south of route 85.
The property has been fully leased with a real estate developer, a mortgage broker, and several executive suites’ tenants. Due to the inconsistent income and short-term leases the borrower was unable to obtain traditional commercial financing and was referred to Hamilton Ridge. Hamilton Ridge provided an $805,000 loan for over two years – ample time for the borrower to stabilize the rents and sell the property.Back