Valencia Corporate Plaza settles recapitalization for $34 million

Valencia Corporate Plaza settles $34 million recapitalization. Courtesy Photo
CBRE arranged $34 million in bridge debt financing for the recapitalization of Valencia Corporate Plaza, the real estate firm said Wednesday. The nearly 200,000-square-foot property, located at 28470-28490 Avenue Stanford, is a three-building, mid-rise office complex. “Recent upgrades, great building bones, and its central location close to a multitude of amenities, make Valencia Corporate Plaza a fantastic opportunity,” Marina Massari, a CBRE agent who facilitated the loan, said in a statement. “With additional leasing over the term of the loan, which will add to an already desirable and high-credit tenant roster, the asset will become even more attractive to investors.” Owners True North Capital Management received the loan from CBRE Capital Markets’ Debt & Structured Finance team for recapitalization, which restructures a company’s debt and equity mixture to stabilize or optimize a company’s capital structure, according to Investopedia. The debt has a three-year term, with two extensions and full-term interest only, CBRE said in a news release.


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Tammy Murga

Tammy Murga

Tammy Murga covers city hall and business for The Signal. She joined in the summer of 2018, previously working in Northern California as an assistant editor and reporter for the Lake County Record-Bee. In 2016, she graduated from Mount Saint Mary's University, Los Angeles. Have a story tip? Message her on Twitter or at [email protected]