JLL Arranges $50M Bridge Loan for Thousand Oaks R&D and Office Campus

JLL’s Capital Markets group arranged $49.75 million in bridge financing for Lakeview Innovation Center, an approximately 275,000-square-foot, 100% leased, R&D and office campus in Thousand Oaks. The group worked on behalf of Alta West to secure the three-year, floating-rate financing with Forbright Bank.

Alta West Partners acquired Lakeview Innovation Center as a value-add investment opportunity at 50% leased in September 2024. Over the past 24 months, Alta West executed a successful business plan, bringing the property to full occupancy.

JLL’s Capital Markets Debt Advisory team representing the borrower was led by senior managing director Jeff Sause, director Josh Blank, senior managing director Marc Schillinger, director Alex Olson, associate Jalynn Borders and analyst Danny Ryan.

“This execution is the result of the amazing transformation Alta West has achieved at this asset,” said Blank. “They recognized the potential and have delivered significant value creation by securing long-term deals with high-caliber tenants that raise the profile of the asset.”

Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 19-plus years’ experience covering the commercial real estate industry and 35-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 11-15 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints