Four Corners Properties Secures $75M Bridge Loan for Belmont Office Property

Los Angeles-based real estate firm Four Corners Properties has secured a $75 million bridge loan for the Shoreway Innovation Center in Belmont, CA. The office property was acquired by Four Corners Properties in 2019 and is located at 1301 Shoreway Rd. in Belmont.

The loan was arranged by CBRE brokers Mike Walker and Brad Zampa. The loan type is a bridge loan, which is a short-term financing option that is typically used to bridge the gap between the purchase of a property and the long-term financing solution.

The Shoreway Innovation Center is a Class A office property that spans 195,000 square feet. The property is located in the heart of Belmont, which is a highly desirable location for office space due to its proximity to Silicon Valley and San Francisco. The property is also located near major transportation routes, including Highway 101 and the San Mateo Bridge.

Four Corners Properties is a real estate investment firm that specializes in the acquisition, development, and management of commercial properties. The firm has a portfolio of properties across the United States, including office, retail, and industrial properties.

CBRE is a global real estate services firm that provides a wide range of services to clients in the commercial real estate industry. The firm has a strong presence in the United States and has been involved in many high-profile real estate transactions.

The loan amount of $75 million is a significant amount of capital for Four Corners Properties to secure for the Shoreway Innovation Center. The bridge loan will provide the firm with the necessary financing to continue to operate and improve the property while it seeks a long-term financing solution.

Overall, the Shoreway Innovation Center is a highly desirable office property in a prime location. The bridge loan secured by Four Corners Properties will provide the firm with the necessary financing to continue to operate and improve the property while it seeks a long-term financing solution. The involvement of CBRE brokers Mike Walker and Brad Zampa in arranging the loan highlights the importance of having experienced and knowledgeable brokers in the commercial real estate industry.