Slatt Capital Arranges Life Company Loan for Rohnert Park Offices

Slatt Capital arranged a $12,000,000 non-recourse acquisition loan for a 68,094-square-foot multi-tenant office building located at 5900 State Farm Dr. in Rohnert Park. The 1973-vintage property was financed through a life insurance company lender, The Standard, with a structured staggered term and 30-year amortization schedule.

Slatt Capital’s Sarah Armstrong and Daniel Friedeberg led the transaction, with Jonathan Siewert serving as analyst. The financing provides the buyer with long-term, non-recourse permanent debt to support the acquisition of the multi-tenant office asset.

For the lender, the transaction represented an opportunity to place long-term capital against a stabilized, multi-tenant office property with a diversified rent roll in the North Bay. The asset’s location, occupancy profile and sponsorship were key factors in securing favorable non-recourse terms.

“We were able to match the buyer with a lender willing to underwrite a multi-tenant office acquisition on non-recourse terms, which has become increasingly selective in today’s office lending environment,” said Friedeberg.

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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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