Commercial Loan News
Lucent Technologies
STEELHEAD CAPITAL, INC. RAISES EQUITY FOR THE $52 MILLION ACQUISTION OF A INDUSTRIAL FACILITY NET LEASED TO LUCENT TECHNOLOGIES
San Francisco, CA - August 19, 2005
Commercial Loan Summary:
Steelhead Capital, Inc. represented placement of equity in the acquisition of a of 1.4 million square foot facility net-leased to Lucent Technologies in Columbus Ohio.
The net lease provides increases to market rent every 5 years. The facility is the primary operations for Lucent's cellular research and development as well as assembly and testing. Lucent has been at the location for more than 35 years with over 70% of Lucent Sales Income produced from this facility.
A. Sean Aguilar, CCIM, provided the advisory services and was responsible for procuring the equity investors. The Sponsor is a Mid Western Private Real Estate Investment Company with over 25 years experience in the repositioning and development of value added properties. Steelhead Capital provided due diligence, physical inspections and underwriting on behalf of the equity investors.
Steelhead Capital is a premier provider of creative commercial loan financing solutions for commercial real estate investors. Steelhead Capital brings an extensive network of lending sources, structured finance experience with a focus on acquisitions, and a clear commitment to personalized customer service to investors financing properties in any of the 50 states. Steelhead Capital's offices are located in San Francisco, CA. Company information can be found at Steelhead Capital Commercial Loans.
Contact Information:
Steelhead Capital, Inc
415-397-2980 (phone)
415-397-2981 (fax)