$20,794,000
First Mortgage
InfoUSA Inc
Ralston
Omaha, Nebraska

InfoUSA’s Ralston Headquarters is a 181,372SF two-story office building which was built in phases between 1980 and 2001 and is situated on 9.2 acres. The property is located in Ralston, Nebraska, a suburb of Omaha and was originally constructed by InfoUSA. Simultaneously with this loan, Suburban also provided financing for InfoUSA’s primary call center located in Papillion, Nebraska. In order to facilitate the financing, InfoUSA entered into a sale leaseback structure, whereby InfoUSA transferred both properties to newly-formed entities that are wholly owned by InfoUSA. InfoUSA then entered into long-term lease agreements with these subsidiaries for the continued and sole use of the properties with the parent company serving as the guarantor of the debt under the carve out guaranty. The proceeds of these two loans were used to retire the existing debt of approximately $12,800,000 with the balance of $26,700,000 applied to reduce the amounts outstanding under the company’s revolving credit facility.

Suburban provided a first mortgage loan for the borrower to finance the property. The loan was a fixed-rate mortgage having a 10-year maturity with a 30-year amortization, and was priced at a fixed interest rate spread over the 10-Year U.S. Treasury Bond Index. The first five years of the loan were interest only.