Westpark Center Acquisition
Non-recourse, 3.75% fixed, 5/25 term, 70% LTC
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934bd/667e299c6cc480823ec93804_map-pin.png)
Columbia
,
SC
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934e4/667e299c6cc480823ec94097_107%20Westpark.png)
Amount: $
5390000
StackSource arranged $5.39mm acquisition financing for a General Services Administration-leased (GSA) office building. Sponsor acquired the office property located in Columbia, SC, with 95%+ occupancy and plans to add value by executing a lease-renewal strategy supported by both GSA and national credit tenants.
StackSource Capital Advisor Andrew Bouton secured non-recourse financing through a regional bank that provided a 70% loan to cost, termed out for 5 years with a 25-year amortization period. The rate for the full term is at 3.75% fixed.
Deal Team
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