SAN BERNARDINO, CA-Quantum Capital Partners (QCP) has arranged a $6.2 million acquisition loan for a 60% occupied office building located in the Inland Empire. The five-year, 4.25% fixed rate loan has a 2-year step down prepayment penalty.

The borrower, an experienced property manager that specializes in stabilizing distressed assets, has allocated $1 million for renovations, tenant improvements, and leasing commissions. The two-story, 85,000-square-foot office building is known as Three Carnegie Plaza and is located at 735 East Carnegie Drive in San Bernardino. Built in 1985, the L-shaped structure is located within the Tri-City Campus, a commercial real estate complex with 22 office buildings and 21 retail spaces.

“Over the last three years, the property experienced low occupancy and decreasing net operating income. It's location in a secondary market also presented a financing challenge,” said Jonathan Hakakha, managing director at QCP. “We are very pleased that one of our longest standing lender relationships was able to accommodate our client's needs,” he added.