The loan is secured by the building itself, a fully-occupied227,870 square foot Class B office/ R&D campus located in SantaClara, California, where office and R&D vacancies are both lessthan 2%.
San Francisco-based Sagamore Equities LLC has acquired in thelast year over $125 million in office/R &D. Through a whollyowned affiliate, it also manages approximately 12 million squarefeet of commercial property throughout Northern and SouthernCalifornia.
GE Capital Real Estate, a division of General Electric Co.headquartered in Stamford, Conn., provides commercial real estatecapital through Structured Finance, Equity and Capital Marketsproducts with a portfolio of over $18 billion.
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