FM Capital Purchases Debt on Office Complex in California

FM Capital recently purchased the first lien mortgage on Corrie Center in Dublin, California. The loan has an unpaid balance of approximately 11.7M and was in default at the time of purchase. The asset is an office building that has recently been rezoned for nearly 320 residential units. The property is conveniently located in the most favorable family zoning area because of its close proximity to the city's direct railway to San Francisco.