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Goldman Sachs Furnishes Refi on Sacramento Offices
JLL Capital Markets secured a $16.7-million refinancing for 100 Howe, a 130,000-square-foot boutique office complex in Sacramento. A team led by director Olga Walsh and VP Bharat Madan worked on behalf of the borrower, a subsidiary of Fenway Capital Advisors, and secured the five-year, interest-only loan through Goldman Sachs.
100 Howe is located between the Campus Commons, Highway 50 and Sierra Oaks office submarkets of Sacramento. The property’s location provides tenants with proximity to University Village, Howe Avenue and East and Midtown Sacramento, as well as convenient access to major freeways, public transportation and the American River Bike Trail.
Originally constructed in 1981 and comprehensively renovated in 2019, the 95% occupied 1000 Howe has a tenant roster including the State of California and Mutual of Omaha. JLL said the refi provides the borrower with additional runway, allowing for a strategic exit from the investment when market conditions are more favorable.
- ◦Financing
