April 5th, 2014

Lim Ruger Closes Two Construction Loans For The Source Office Tower

The Source project in Buena Park continues to gain momentum as Lim Ruger has closed two construction loans for a 5-story office tower. The loans include $7,399,000 in financing from an institutional lender and $5,000,000 in EB-5 financing.

The office tower will be built above two levels of retail. The office developer is ground leasing the air space above the retail from the master developer.

The Source is highly prominent due to its cutting edge architecture and location at the gateway to Buena Park. Upcoming development phases will feature a hotel and residential units.

Lim Ruger attorneys John Lim, Marc Manason and Sophia Chang worked on this matter.

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