The Keys to Developing Complex Financing Structures

Blashaw: “Lenders must have a deep understanding of what makes the investment successful in order to ensure that a sponsor’s requirements are met.”

ORANGE, CA—To secure financing for more complicated structures, it becomes even more critical to demonstrate to potential lenders the entire picture of a deal, MetroGroup Realty Finance VP J.D. Blashaw tells GlobeSt.com. Blashaw and Ivan Kustic from the private commercial-mortgage banking firm based in Newport Beach, CA, recently secured $3.9 million—46% of the purchase price—in permanent acquisition financing for Orangewood Business Plaza, a three-building industrial business park here.

The 49,880-square-foot business park, which is located near Angel Stadium of Anaheim, consists of one office building and two flex/industrial buildings. Blashaw says, “The region surrounding Angel Stadium is undergoing tremendous revitalization, presenting a strong opportunity for long-term value for investors.” He notes that a new $450 million development is planned to be delivered next to the Stadium, which is approximately one-third of a mile from Orangewood Business Plaza. The new development includes a hotel, high-rise office buildings, a variety of retail and entertainment, as well as apartments and condominiums.