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Real Estate/Development

Jun. 2, 2000

FEATURED LOAN

Maskatiya, Suri & Co. secured $42.5 million in refinancing for Regency Plaza One, a 252,856-square-foot office building on 7.93 acres in Santa Clara that serves as the development company's headquarters.

Maskatiya, Suri & Co. secured $42.5 million in refinancing for Regency Plaza One, a 252,856-square-foot office building on 7.93 acres in Santa Clara that serves as the development company's headquarters.
The fixed-rate facility from Chase Manhattan Bank has a loan-to-value ratio of approximately 60 percent, debt coverage of 1.27 and an interest rate of 8.62 percent.
Completed in the mid-'80s, the 14-story building at 2350 Mission College Blvd. is home to a number of hi...

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