Chicago, Illinois – NXT Capital announced today that it provided a $21 million first mortgage loan to finance the acquisition of four office buildings within the Centerpointe office campus. The buildings total more than 105,000 square feet.
The eight-building Centerpointe office campus is located at the intersection of Jamboree Road and MacArthur Boulevard, providing convenient access to Orange County, Costa Mesa, Santa Ana, Tustin and Newport Beach.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse first mortgages of $10 million to $40 million for major-market properties with initial DSC greater than 1.0X. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis.