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April 27, 2017

CBRE arranges Willows Commerce loan

As reported last month, the CBRE team of Tom Pehl and Lou Senini sold the four-building, 10-acre Willows Commerce Park on behalf of Blackstone Group to Kennedy Wilson for about $75 million. CBRE also arranged a five-year loan of $48.9 million for Kennedy Wilson. CBRE said that Brad Zampa, Mike Walker and Megan Woodring of CBRE's San Francisco office arranged the five-year, full-term interest-only, floating-rate acquisition financing. Zampa said in a statement, “In this phase of the cycle, we have been continually surprised by a steady stream of new outlier capital sources reaching into our West Coast markets.”




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