$49.75M financing arranged for Lakeview Innovation Center in Thousand Oaks
United States, Oct. 20 -- JLL's Capital Markets group announced today that it has arranged $49.75 million in bridge financing for Lakeview Innovation Center, an approximately 275,000-square-foot, 100% leased, R&D and office campus in Thousand Oaks, California.JLL worked exclusively on behalf of the sponsor, Alta West, to secure the three-year, floating-rate financing with Forbright Bank.Alta West Partners acquired Lakeview Innovation Center as a value-add investment opportunity at 50% leased in September 2024. Over the past 24 months, Alta West executed a highly successful business plan, transforming the campus through targeted leasing and strategic capital improvements that have delivered a 100% leased property that boasts more than 170% N...
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