San Francisco, CA — Regency Capital Partners (RCP) announced today they have arranged $60,000,000 of first mortgage financing for the Campbell Technology Park, a 280,000 square foot, Class A office park located in Campbell, CA, one of the Silicon Valley’s most desirable submarkets. Funded by a national bank, the new 10-year, non-recourse loan has a fixed interest rate of approximately 4.00% with interest-only payments for the entire loan term.
Campbell Technology Park is comprised of three, two-story and one, single-story, Class A office buildings totaling over 280,000 square feet on a total of 17.29 acres. The property was originally developed in 2000 and today remains one of the most desirable office projects in Silicon Valley. Campbell has long been a preferred location for the world’s premier high technology companies including Apple, eBay, and Fujitsu. Campbell Technology Park is located just over a mile from the heart of downtown Campbell, a thriving location rich with amenities in the affluent West Valley submarket and benefits from an exceptional location just off the Camden Avenue exit from Highway 17 and provides easy access to all parts of the Silicon Valley and the Bay Area.
Ramsey Daya, a Principal at Regency Capital added, “This loan, which was very competitively bid, took out a financing we placed on this asset in 2006. We continue to see significant interest in the capital markets for quality real estate assets, with 4.00% pricing and full term interest-only still available for long term debt on quality assets.”
About Regency Capital Partners
Regency Capital Partners (RCP) is one of the premier real estate capital advisory firms specializing in arranging debt and equity for a wide spectrum of clients, from regional investors and developers to some of the largest public and private real estate companies throughout the country. The firm is recognized within the industry for its integrity, creativity and determined advocacy on behalf of its clients. RCP’s unparalleled commitment to the implementation of its clients financing objectives distinguishes it within the financing industry. During their tenure, the principals of Regency Capital Partners have closed over $5 billion of debt and equity transactions throughout the United States.
Additional information on Regency Capital Partners is available on the Company’s website at www.regencycapital.com.