Wednesday, May 20, 2015

MetroGroup Realty Finance Secures $35.7 Million in Financing for Client to Acquire Broadcom Building in San Jose, CA


Broadcom Building, 3151 Zanker Road, San Jose, CA


Orange County, CA, May 20, 2015 – MetroGroup Realty Finance, a private, Orange County-based mortgage banking firm, has successfully arranged $35.7 million in financing on behalf of its client for the acquisition of the 200,000 square-foot Broadcom Building in San Jose, California.

Patrick Ward
The property, which was acquired by an affiliate of Oakmont Corporation, is 100 percent occupied by Broadcom Corporation, a FORTUNE 500 tech company that is recognized as a leader in semiconductor solutions for wired and wireless communications.

“The technology sector is driving commercial property demand forward at a tremendous rate today, making this investment extremely well-timed for our client,” says Patrick Ward, Founder of MetroGroup Realty Finance. 

The asset, which encompasses research and development, data center, and corporate offices, is located within a growing submarket of San Jose, just outside of Silicon Valley’s tech epicenter.

“With continued demand from the large population of Millennials and tech firms in the region, we anticipate that this investment will be a sound, stable investment for our Client over time,” explains Ward.

“We immediately recognized the value of this asset, based on strong market fundamentals in this region and the property’s existing high-caliber tech tenant,” Ward continues.  “We effectively demonstrated this value to lenders in order to provide competitive terms for our client.”


Ward notes that, in doing so, MetroGroup was able to structure financing in a way that met each of its client’s investment objectives in this transaction.

“Our experience and 38-year history in providing financing for commercial properties has given us the right tools to identify key elements that help us structure a transaction that is attractive to lenders, while also ensuring the best terms for our clients,” says Ward.


For a complete copy of the company’s news release, please contact:

 Lexi Astfalk or Jenn Quader
 Brower, Miller & Cole
 (949) 955-7940

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