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SAN MARCOS, CA-Talonvest Capital, Inc. negotiated and has closed a $15 million bridge loan for Civic View Corporate Centre in San Marcos. 

The non-recourse, 30-month floating rate loan, priced at sub 6% on an interest only basis, was provided by a finance company focused on servicing middle market real estate clients.  The loan, which refinanced the original bank lender, had a 77% advance against current value and included future funding for interest and tax reserves, tenant improvements, and leasing commissions.  Scott Brusseau, president of Newport National Corporation said, “Talonvest’s competitive bid process resulted in better loan terms than we had anticipated.”  

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