Bridge loan inked for $49m deal.Sonnenblick Goldman, serving as advisor to Rubicon Investments II, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , on their $49 million acquisition of the Overland Park Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. Trade Center, arranged a bridge loan necessary to complete the transaction. The Overland Park Trade Center, located next to Sprint's world headquarters in Overland Park, Kan., consists of a 585,257 sf office building that is 100 percent leased to three high-quality tenants and a 51,391 sf exhibit hall. The office building is currently leased on a long-term basis, with minimum lease rollover A graphic element in an application or on a Web page that changes its color or shape when the pointer is moved (rolled) over it. See JavaScript rollover. See also n-key rollover. and attractive expansion options. "The timing requirement for the mezzanine loan A mezzanine loan is a relatively large loan, typically unsecured (ie., not backed by a pledging of assets) or with a deeply subordinated security structure (e.g., third lien on the property but non-recourse vis-a-vis the borrower). presented some challenges for both the buyer and seller, but we were able to bridge the gap and get the transaction closed," said Dave Karson, vice president of Sonnenblick Goldman. "With the property's strong background, terrific tenant roster and obvious upside, we were able to arrange and close the financing in two weeks and bring the client's total loan proceeds to over 95% of the acquisition price." The property is located in Kansas's prestigious Johnson County Johnson County is the name of several counties in the United States:
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