Recent Transactions

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Property Name: Empire at Burton Way
Location: Beverly Hills, CA
Property Type: Apartment/Multi-Family
Transaction Type: Permanent Financing
Loan Amount: Undisclosed
Details: Q10 | Westcap arranged a 15-year fixed term nonrecourse loan with a fixed rate of sub 3.75% through one of our life company correspondents for a newly completed 23-unit luxury multifamily building in Beverly Hills, California. Secondary financing is allowed for the borrower throughout the entire loan term. The loan application was signed and the rate was locked prior to any signed leases and the requirement to fund was based on 30% occupancy.
More Info: Stephan Coste at 310-362-6134 or contact me

Property Name: Dana Marina Plaza
Location: Dana Point, CA
Property Type: Mixed Use
Transaction Type: Refinance
Loan Amount: $10,200,000
Details: Q10 | Westcap arranged a 20-year fully amortizing nonrecourse loan through its exclusive correspondent relationship with Sun Life of Canada.  The loan is secured by a 55,000 square foot craftsman-style retail & office complex located across the street from the Dana Point Harbor.
More Info: Topher VanMourick at 949-387-9071 or contact me

Property Name: Hyssop Industrial
Location: Rancho Cucamonga, California
Property Type: Industrial/Warehouse
Transaction Type: Refinance
Loan Amount: $5,230,000
Details: Q10 | Westcap arranged a 10-year fixed term nonrecourse loan with a fixed rate of 4.06% through our exclusive life company correspondent Sun Life of Canada for a single-tenant industrial property in Rancho Cucamonga, California. The past tenants lease was coterminous with the past life company loan and Sun Life got comfortable with the loan based off the low market vacancy and low leverage request. The borrower was able to have a new tenant with a signed lease prior to closing the loan.
More Info: Stephan Coste at 310-362-6134 or contact me

Property Name: Whittier Marketplace
Location: Whittier, CA
Property Type: Retail
Transaction Type: Refinance
Loan Amount: $27,000,000
Details: Q10|Westcap arranged a 10-year term / 30-year amortization life company loan on this 168,000 square foot shopping center anchored by Ralphs and CVS which paid off the maturing CMBS acquisition loan.
More Info: Topher VanMourick at 949-387-9071 or contact me

Property Name: Pecan Park
Location: Austin, TX
Property Type: Office
Transaction Type: Acquisition Financing
Loan Amount: $21,300,000
Details: Q10|Westcap arranged a 10-year term / 30-year amortization loan through a correspondent life insurance company for the acquisition of this 140,000 square foot Class-A multi-tenant office building in northwest Austin, TX for a repeat California-based borrower.
More Info: Topher VanMourick at 949-387-9071 or contact me

Property Name: Austin VA Outpatient Clinic
Location: Austin, TX
Property Type: Medical Office
Transaction Type: Acquisition Financing
Loan Amount: $121,453,600
Details: Q10 | Westcap originated the Credit Tenant Lease (CTL) financing for the acquisition of a newly constructed 275,000 square foot outpatient facility located in Austin, Texas that is 100% leased to the Department of Veterans Affairs for 20 years.  The loan allowed for an un-insured residual value at the end of the lease term, significantly increasing borrower cash flow and lowering transaction costs.  The CTL lender delivered on their rate lock despite extreme market volatility during the closing.
More Info: Topher VanMourick at 949-387-9071 or contact me