Sunnyvale, CA $15,000,000 ~94,815 Sq. Ft. Industrial Acquisition

Knighthead provided a $15,000,000 loan to be used toward the acquisition of a vacant 94,815 +/- Sq. Ft. industrial building situated on a 4.76 +/- acres site.  The loan was underwritten at approximately 48%  of “as-is” value.  The loan was closed in 22 business days from receipt of executed term sheet.