Moffett Gateway
Moffett Park, CA
May 2015 - September 2016
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Property Type
Office
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Deal Type
Mezzanine
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Deal Size
$48.5 Million
- Construction financing for the development of a 612,111 square foot, two-building LEED Platinum office campus in Silicon Valley
- Located in the Moffett Park submarket of Sunnyvale, CA at the nexus of Highways 101 and 237
- Prior relationship with borrower at nearby Moffett Towers II
- $48.5 million floating-rate mezzanine loan with an attractive current pay rate and underwritten stabilized debt yield. Capital stack included $227 million senior loan
