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California  + Orange County  + Office  | 

Buena Park Offices Refinanced Amid Below-Market Occupancy

Bolour Associates Inc. provided a $22,250,000, 24-month office refinance loan in Buena Park through its affiliate, BA Debt Fund LLC. The loan provides capital to refinance and additional funds for future leasing needs to promote asset stability at Village Business Park, an 82% occupied, two-building office complexc at 7000 and 7001 Village Dr.

“With below-market occupancy and looming debt maturity, this borrower required a creative, higher-leverage solution that would position its investment for long-term value creation,” said Bolour CEO Mark Bolour.

Added Bolour VP of lending and acquisitions DaJuan Bennett, “BOLOUR was able to execute on this loan quickly, ensuring deadlines were met as we unlocked a strategic financing solution to maximize performance.”

The buildings are located in the center of Orange County, immediately adjacent to Interstate 5, in proximity to the 91 and 605 Freeways and surrounded by a variety of retail and restaurant amenities. CBRE represented the borrower.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-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 7-10 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).

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