HFF Inks $80M Loan For San Jose Property
Holliday Fenoglio Fowler has arranged a five-year $80 million loan from JP Morgan Chase Bank for Cityview Plaza.
Holliday Fenoglio Fowler (HFF) has arranged a five-year $80 million loan from JP Morgan Chase Bank for Cityview Plaza, GlobeSt reports. HFF worked on behalf of the borrower, an affiliate of BPG Properties, to arrange the credit facility for the San Jose property.
The loan proceeds are replacing maturing debt on the asset. The property is 84% rented and its major tenants include Bank of America, URS, Overland Storage, Heritage Bank of Commerce and Morton’s Steakhouse.
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