Complex Deal Arranged for Beaudry Loan
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Sonnenblick-Goldman Corp. of California represented Real-Vest Corp., Stamford, Conn., in obtaining $198 million worth of mortgage financing for the 2-year old Security Pacific Beaudry Center I office building owned by Real-Vest.
The securitized financing has been structured into eight different layers of debt: Two 19-year zero coupon mortgages and six amortizing mortgage securities ranging from 3 1/2 to 19 1/2 years.
The 28-story, 891,000-square-foot building at 333 S. Beaudry Ave., across the Harbor Freeway from the downtown financial district, is fully leased by Security Pacific National Bank.
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