News

Landmark Capital Closes $52,700,000 Recapitalization

Landmark Capital Advisors is pleased to announce the successful recapitalization of a 300,000 square foot office campus in Northern California.

Challenges of the assignment included:

– Heavily concentrated tenant rollover schedule

– Maturing CMBS loan pay-off was nearly 100% of appraised value

– Highly complex capital structure with multiple investor tranches 

 

Solution:

Landmark Capital crafted a capital structure that provided the preferred equity investor with upside participation, while maintaining an attractive, blended cost-of-capital and long-term ownership control for the sponsorship entity.