BEVERLY HILLS, CA-Lucent Capital has arranged separate loans totaling $11.05 million in permanent financing to recapitalize two Southern California mixed-use office over retail buildings. The buildings are owned by a Beverly Hills-based investment group that was not identified.

“The recapitalization allowed the property owner to significantly reduce its borrowing cost and to lock in low interest, fixed rates before the properties were fully stabilized,” said a statement from Lucent Capital managing director Farzin Emrani.

In the larger of the two financings, Lucent Capital arranged a $6.95 million senior loan secured by the Village at Dos Vientos, a 56,377-square-foot class-A retail and office complex located in a master planned community in Thousand Oaks. The property was built in 2008 and is currently 65% occupied. The seven-year term portfolio loan will float interest only for 12 months at Libor + 2.50% and then will be fixed for the next six years at 4.06%.

Lucent Capital also arranged a $4.1 million senior loan collateralized by Plaza at Point Happy, a class-A development with 38,734 square feet of specialty retail and office space and attached parking garage in La Quinta. The property was built in 2005 and is currently 76% occupied. The 10-year term portfolio loan is fixed at 4.38%.

As reported by GlobeSt.com, Lucent Capital recently arranged the sale of the Rhythm & Hues campus in El Segundo.