Slatt Capital Funds Six-Building Office Portfolio in Cupertino, CA Totaling Over $34 Million

SAN FRANCISCO, Oct. 27, 2020 /PRNewswire/ -- Slatt Capital CEO, Daniel Friedeberg, along with Vice President Sarah Bernhisel, Vice President Andrew MacCleod, and Analyst Jason Wang recently closed a $34,300,000 permanent loan on a portfolio of six office buildings in Cupertino, California. The six single-story office buildings totaling over 136,000 square feet are fully occupied by Apple on long-term leases.

The six buildings were acquired by a foreign investment group for $98,000,000. Tenny Tsai, a Senior Managing Director, in Cushman Wakefield'sSan Jose office represented the buyers in the acquisition.

The 7-year fixed-rate loan was placed with an aggressive interest rate through one of Slatt Capital's exclusive correspondent insurance company lenders. It will be serviced by Slatt Capital as part of its $4.3 billion servicing portfolio. The Slatt Capital team was chosen for the assignment because of their long-term relationship with the borrower's representatives as well as their depth of knowledge in financing comparable properties throughout the region.

About Slatt Capital:
Slatt Capital is a long-standing and respected institution with more than 47 years of experience in commercial mortgage banking. Slatt Capital has correspondent relationships with several of the most prestigious lenders in the country, providing custom-tailored solutions for borrowers' needs. In addition to assisting clients with debt placement nationwide, Slatt Capital manages a $4.3 billion servicing portfolio. To learn more, visit us at www.slatt.com or follow us on LinkedIn.

slatt.com

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SOURCE Slatt Capital