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February 08, 2019  

Westbrook Eyes Loan

A Westbrook Partners joint venture is in the market for $74 million of debt on a San Diego office portfolio.The collateral consists of three properties totaling 328,000 square feet. Westbrook, a New York fund manager, and local firm Casey Brown Co. are seeking a floating-rate loan with a term of about five years. Cushman & Wakefield is showing the assignment to banks, debt funds and other lenders.The proposed leverage is about 65%, which puts the...

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