±130,000 SF Live-Work Mixed-Use
Advisors: Niko Tsiplakos
City: Palo Alto
Lender type: Insurance Company
Property type: Multi-Family / Office
Transaction type: Refinance
Loan amount: $43,500,000
Slatt Capital Commercial Mortgage Banker Niko Tsiplakos, along with analyst Dominic Sestito, recently arranged the $43,500,000 refinance of a ±130,000 square foot live-work mixed-use property located in Palo Alto, California. The 10-year interest-only non-recourse loan was secured through an insurance company lender at a highly competitive interest rate sub 3%.
Slatt Capital was engaged for this transaction due to their local presence, ability to generate a competitive market for the client’s transaction and their proven track record of successfully closing complex transactions.