Garvey Avenue South, LLC has obtained a $12 mil bridge refinance loan on Garvey Office Plaza, an A-class office building in West Covina. The property is located at 2934 E. Garvey Avenue South in West Covina, CA.
Acquired in 2015 and remodeled in 2016, Garvey Office Plaza offers convenient access to the 10 Freeway. The property features beautiful remodeled lobbies, bathrooms and hallways, a sprawling center courtyard with waterfall and living wall and covered parking.
Scott Duntley of Balboa Financial secured the refinancing loan through Bridge Investment Group out of New York.
The loan structure for Garvey Avenue South, LLC allowed the company to take out additional money for capital improvements and to continue tenant improvements through the lease-up process.