ANAHEIM’S PLATINUM TRIANGLE RECEIVES $9.9M LOAN

by admin

ANAHEIM, CALIF. — TSG-Platinum, L.P. has received a $9.9-million loan to acquire and re-entitle 4.3 acres of infill land in Anaheim’s Platinum Triangle. The site contains two separate but contiguous parcels that were entitled in 2008. The non-recourse loan features a two-year term, a fixed interest rate and one year-long extension option. The loan represents 88 percent of the site’s purchase price. The funds were provided by Lucent Capital.TSG is an affiliate of the Shopoff Group.

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