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330 East Lambert
Brea, CA | June 2019
Thorofare Capital has funded a $6,750,000 short-term bridge loan to refinance 330 East Lambert, a 43,800 SF class B office building in Brea, California. The asset is 100% occupied by a diversified rent roll of tenants, including an investment-grade, credit tenant that leases 42% of the net rentable area.
The loan carries an initial term of 18 months, provides for flexibility in repayment and does not require amortization.
The property is located in an infill location surrounded by residential, retail, and office buildings with proximity to Hwy 57 and Hwy 90, providing connectivity to the broader Los Angeles metro. Additionally, Brea Mall provides tenants with nearby retail amenities and dining options.
The sponsor is a Los Angeles-based, privately held real estate firm that specializes in the acquisition, development and management of commercial and residential properties throughout Southern California.