Waterfall Asset Management and Delaware Life have completed the refinancing of The Torrance, a significant 301,000-square-foot office property in Southern California. The $64.7 million loan facility is aimed at supporting the leasing strategy for the property. This financing will aid in securing long-term tenant renewals and leasing available space. The Torrance showcases a robust tenant roster and benefitted from notable investments and modernization.
Company Information
Company
The Torrance
Location
Torrance, California, United States
About
Waterfall Asset Management is an alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, and real assets. Founded in 2005, the firm utilizes a relative value approach for sourcing and investing in the private and public markets, across 60+ sectors of the asset-based finance arena. Waterfall is also the external manager to Ready Capital Corporation, a multi-strategy real estate finance company and small business lender. Waterfall is headquartered in New York City, with additional offices in London and Dublin.
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