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**Bolour Associates Provides $22.25M Refinance Loan for Buena Park Office Complex**
Bolour Associates Inc., through its affiliate BA Debt Fund LLC, has provided a $22,250,000 refinancing loan for a two-building office complex in Buena Park. The 24-month term loan will be used not only to refinance existing debt but also to provide additional capital for future leasing efforts, aimed at stabilizing the asset’s performance.
The property, known as Village Business Park, is located at 7000 and 7001 Village Drive and is currently 82% occupied. The complex consists of two office buildings situated in the heart of Orange County, with direct access to Interstate 5 and close proximity to the 91 and 605 Freeways. The surrounding area features a wide array of retail and restaurant amenities.
“With below-market occupancy and looming debt maturity, this borrower required a creative, higher-leverage solution that would position its investment for long-term value creation,” said Mark Bolour, CEO of Bolour Associates.
DaJuan Bennett, Vice President of Lending and Acquisitions, added, “BOLOUR was able to execute on this loan quickly, ensuring deadlines were met as we unlocked a strategic financing solution to maximize performance.”
CBRE represented the borrower in the transaction.
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