METROGROUP REALTY FINANCE SECURES $35.7 MILLION IN FINANCING FOR ITS CLIENT TO ACQUIRE BROADCOM BUILDING IN SAN JOSE

May 20, 2015

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Orange County, Calif. – May 20, 2015 – (RealEstateRama) — MetroGroup Realty Finance, a private, Orange County-based mortgage banking firm, has successfully arranged $35.7 million in financing on behalf of its client for the acquisition of the 200,000 square-foot Broadcom Building in San Jose, California.<span id="more-3415"></span></p> <p>The property, which was acquired by an affiliate of Oakmont Corporation, is 100 percent occupied by Broadcom Corporation, a FORTUNE 500 tech company that is recognized as a leader in semiconductor solutions for wired and wireless communications.</p> <p>“The technology sector is driving commercial property demand forward at a tremendous rate today, making this investment extremely well-timed for our client,” says Patrick Ward, Founder of MetroGroup Realty Finance. </p> <p>The asset, which encompasses research and development, data center, and corporate offices, is located within a growing submarket of San Jose, just outside of Silicon Valley’s tech epicenter.</p> <p>“With continued demand from the large population of Millennials and tech firms in the region, we anticipate that this investment will be a sound, stable investment for our Client over time,” explains Ward.</p> <p>“We immediately recognized the value of this asset, based on strong market fundamentals in this region and the property’s existing high-caliber tech tenant,” Ward continues. “We effectively demonstrated this value to lenders in order to provide competitive terms for our client.”</p> <p>Ward notes that, in doing so, MetroGroup was able to structure financing in a way that met each of its client’s investment objectives in this transaction.</p> <p>“Our experience and 38-year history in providing financing for commercial properties has given us the right tools to identify key elements that help us structure a transaction that is attractive to lenders, while also ensuring the best terms for our clients,” says Ward.</p> <p>MetroGroup Realty Finance provided the funding at a 65 percent loan to value. The property is located at 3151 Zanker Road in San Jose, California.</p> <p>Founded in 1983, MetroGroup Realty Finance is a private, Newport Beach-based mortgage banking company that specializes in providing capital advisory and mortgage banking services for properties throughout Southern California. </p> <p>With deep experience across a variety of property types including office, retail, industrial, multi-family, mixed-use, hotel/lodging, and land, MetroGroup has established long-term relationships with well-respected capital sources, through which the firm delivers lasting results to its clients. Additional information is available at www.metrogroupfinance.com.</p> <p>Contact:<br /> Lexi Astfalk or Jenn Quader<br /> Brower, Miller & Cole<br /> (949) 955-7940<br /> lastfalk (at) browermillercole (dot) com<br />+</p>  <script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><div class="td-g-rec td-g-rec-id-content_bottom"> <script type="text/javascript"> var td_screen_width = document.body.clientWidth; if ( td_screen_width >= 1024 ) { /* large monitors */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); } if ( td_screen_width >= 768 && td_screen_width < 1024 ) { /* portrait tablets */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); 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Grace F. Napolitano (D-El Monte), issued the following statement after the Trump administration announced a new proposal—claiming it to be pro-industry—which would weaken federal clean water rules, putting at risk the health and safety of millions of Americans </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/flood-protection-and-water-storage-ID09937.html" rel="bookmark" title="Flood Protection and Water Storage">Flood Protection and Water Storage</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/realestaterama-2">RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-07-04T03:31:39+00:00" >July 4, 2019</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/senators-include-legal-protections-for-military-families-in-privatized-housing-in-defense-bill-ID09930.html" rel="bookmark" title="Senators: Include Legal Protections for Military Families in Privatized Housing in Defense Bill">Senators: Include Legal Protections for Military Families in Privatized Housing in...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/realestaterama-2">RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:24:14+00:00" >April 1, 2019</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/mccarthy-introduces-legislation-to-repurpose-high-speed-rail-funding-to-water-infrastructure-projects-ID09929.html" rel="bookmark" title="McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure Projects">McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/congressman-kevin-mccarthy">Congressman Kevin McCarthy</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:20:36+00:00" >April 1, 2019</time></div> </div> </div> </div> </div> </div></div> <aside class="widget widget_archive"><div class="block-title"><span>Government & Nonprofit Press Release Archive</span></div> 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