Home Commercial TMG Partners, KKR Secure $232MM County Loan at 3.8% for $271MM Skyport Plaza Overhaul in San Jose
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TMG Partners, KKR Secure $232MM County Loan at 3.8% for $271MM Skyport Plaza Overhaul in San Jose

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Aerial View of San Jose, California at Sunrise
Image by Jacob Boomsma on iStock
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Santa Clara County is acting as both landlord’s lender and tenant at a vacant former Qualcomm campus near San Jose’s airport. It is offering below-market financing to TMG Partners and KKR in exchange for a modernized headquarters it can occupy for 30 years and eventually buy. The structure shows how public tenants with strong credit […]

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