{"id":1004761420,"date":"2025-06-13T02:54:39","date_gmt":"2025-06-13T10:54:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004761420"},"modified":"2025-06-13T02:54:40","modified_gmt":"2025-06-13T10:54:40","slug":"seligman-refinances-orange-county-mixed-use","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/seligman-refinances-orange-county-mixed-use\/","title":{"rendered":"Seligman Refinances Orange County Mixed-Use"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Bridgecreek-Business-Park-in-Orange-County-Garden-Grove-Calif.jpg\"><img decoding=\"async\" data-attachment-id=\"1004761422\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bridgecreek-business-park-in-orange-county-garden-grove-calif-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Bridgecreek-Business-Park-in-Orange-County-Garden-Grove-Calif-edited-e1749800963712.jpg\" data-orig-size=\"465,349\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Bridgecreek Business Park in Orange County, Garden Grove, Calif.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Bridgecreek-Business-Park-in-Orange-County-Garden-Grove-Calif-edited-e1749800963712.jpg?w=465\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Bridgecreek-Business-Park-in-Orange-County-Garden-Grove-Calif-edited.jpg\" alt=\"Exterior shot of Bridgecreek Business Park, a 110,100-square foot, seven-building office campus in Garden Grove, Calif.\" class=\"wp-image-1004761422\" style=\"width:400px\"\/><\/a><figcaption class=\"wp-element-caption\">Bridgecreek Business Park comprises one- and two-story buildings. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The Seligman Group has secured a $35.5 million refinancing loan for Bridgecreek Business Park, a 152,917-square-foot mixed-use campus in Garden Grove, Calif., according to CommercialEdge information. Comerica Bank issued the note that replaces a $15.6 million, fixed-rate loan originated by Deutsche Bank Trust Co. Americas in 2015.<\/p>\n\n\n\n<p>Bridgecreek Business Park has been under Seligman\u2019s ownership since July 1999, when the company acquired it from Voit Real Estate Services, the same source shows.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-an-orange-county-business-park\">An Orange County business park<\/h2>\n\n\n\n<p>Completed in 1977 at 12752 Valley View St., the campus comprises nine one- and two-story buildings across a 9-acre site. The property also features ground-level parking with 470 spots.<\/p>\n\n\n\n<p>The low-rises encompass office, retail and warehouse spaces with ground-level loading, floorplates ranging between 7,160 and 18,610 square feet. The tenant roster includes Mesa Medical Group, Elysium Studio, United Healthcare Association, Cherie Jones &amp; Associates, Bridgecreek Hair Co. and Believe Wellness Center, CommercialEdge shows. <\/p>\n\n\n\n<p>The property is just north of Garden Grove Freeway and close to Interstate 405 Express, which connect Garden Grove to downtown Orange, Calif., and Long Beach, Calif. The 1.2 million-square-foot Westminster Mall is less than 4 miles away.<\/p>\n\n\n\n<p>Despite the current economic uncertainty, <a href=\"https:\/\/www.commercialsearch.com\/news\/cre-lending-climbs-despite-market-jitters\/\">commercial real estate lending surged<\/a> in the first quarter of this year, according to CBRE&#8217;s Lending Momentum Index. The CBRE-originated U.S. commercial loan closings were up 13 percent compared to the previous quarter and 90 percent year-over-year. Banks led non-agency loan closings with a 34 percent share, followed by CMBS conduits at 26 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comerica Bank issued the note, according to CommercialEdge.<\/p>\n","protected":false},"author":3619,"featured_media":1004761421,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21752,21742,34267,15],"tags":[40758,32791,32833],"class_list":["post-1004761420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-mixed-use","category-latest","category-orange-county","category-west","tag-comerica-bank","tag-deutsche-bank","tag-voit-real-estate-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Seligman Refinances Orange County Mixed-Use - 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