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PLEASANTON, CA—Three years ago, almost all of the tenant leases at the Britannia Business Center were scheduled to expire within 24 months and the loan was maturing at the same time. The tenant in common (TIC) investors did not have a business plan or enough equity in the property to refinance through conventional channels. To address the looming deadline, Clear Vista Management was hired to manage and restructure the investment, and Versant Commercial Brokerage Inc. stepped in to raise capital. That three year effort paid off, with the Britannia Business Center now successfully recapitalized.

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