Buena Park Offices Refinanced Amid Below-Market Occupancy

Bolour Associates Inc. provided a $22,250,000, 24-month office refinance loan in Buena Park through its affiliate, BA Debt Fund LLC. The loan provides capital to refinance and additional funds for future leasing needs to promote asset stability at Village Business Park, an 82% occupied, two-building office complexc at 7000 and 7001 Village Dr.

“With below-market occupancy and looming debt maturity, this borrower required a creative, higher-leverage solution that would position its investment for long-term value creation,” said Bolour CEO Mark Bolour.

Added Bolour VP of lending and acquisitions DaJuan Bennett, “BOLOUR was able to execute on this loan quickly, ensuring deadlines were met as we unlocked a strategic financing solution to maximize performance.”

The buildings are located in the center of Orange County, immediately adjacent to Interstate 5, in proximity to the 91 and 605 Freeways and surrounded by a variety of retail and restaurant amenities. CBRE represented the borrower.

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