TRANSACTION HIGHLIGHTS

  • $7.4 million land loan, plus funds for cash out
  • 12-month term
  • .78-acre site with existing 24,640 s.f. office building
  • Land entitled for 169 multifamily units
  • Growing Burlingame/Millbrae multifamily market

HIGH-GROWTH BAY AREA OPPORTUNITY

“This is BOLOUR’s first land loan in Burlingame and only further underscores the San Francisco Bay Area’s continued real estate power. This loan provides our borrower the ability to hold the asset until a full post-pandemic recovery can be achieved, positioning the site to trade at peak market values.”
 

Steven Simantob, Debt Originations