California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Walker & Dunlop Arranges Financing for Orange County Office Property
Walker & Dunlop, Inc. structured $8,000,000 in financing for Pointe Red Hill, a 51,065-square-foot, single-tenant, two-story office building in Tustin. The property owner is Fortland, Inc. Proceeds of the loan provided by Symetra Life Insurance Company were used to refinance the property’s existing debt and allow for property improvements, such as the installation of solar carports.
The fully improved, steel-framed building benefits from an open floorplan with a mix of private suites and conference rooms. The property has been solely occupied by an online retail company since 2018.
Walker & Dunlop’s Grant Robertson and Kevin Dinneen structured a ten-year, fixed-rate loan. The financing provided an attractive rate and amortization schedule to the borrower with limited personal guarantees and no hold backs or reserves.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing



