September 12, 2019 Comments (0) Views: 313 Bay Area, California News

$113M Loan Funds EmeryStation West in Emeryville

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Barry Slatt Mortgage Company closed a $113-million permanent loan on EmeryStation West, an office property located in Emeryville, CA. The asset was financed with an aggressive long-term, interest-only, fixed-rate loan placed between two correspondent insurance company lenders.

The newly-constructed 267,926-square-foot, Class A, multi-tenant, life science property was delivered last year, and is owned by Wareham Development. The nine-story asset at 5959 Horton St. is part of the two-million-square-foot, transit-oriented EmeryStation campus. Seven levels of laboratory and office space sit above a two-story transit center and 127-car parking podium. Tenants include Dynavax, Novartis, Zogenix, Gritstone Oncology, Catalent and Profusa.

Barry Slatt’s Daniel Friedeberg, Sarah Bernhisel, Andrew Macleod, and Jason Wang handled the loan. Barry Slatt will be servicing this loan as part of its $4.2-billion servicing portfolio.

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