Forbright Bank Secures Thousand Oaks Office Campus Loan

The bank provided a nearly $50 million bridge loan to Alta West Partners for a fully leased Thousand Oaks campus.

Updated on Oct. 20, 2026 in Commercial

Modern multi-story commercial office building with glass and steel facade and drought-tolerant landscaping in Southern California. — Forbright Bank provided a $49.8 million bridge loan to Alta West Partners for the fully leased Lakeview Innovation Center in Thousand Oaks. AI Illustration. Upload story photo >

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Forbright Bank has issued a $49.8 million floating-rate bridge loan to Alta West Partners to support the Lakeview Innovation Center in Thousand Oaks. The financing arrives following a successful leasing effort that brought the 275,000-square-foot campus to full capacity.

Why it matters

The deal highlights the ongoing stabilization of commercial office properties in Ventura County through strategic capital improvements. By achieving full occupancy, the owners have significantly boosted the site's net operating income.

The Lakeview Innovation Center spans 22 acres and includes a facility with 20,000 amps of electrical capacity. Net operating income for the campus has grown by more than 170 percent since Alta West Partners purchased the site in September 2024.

The players

Forbright Bank

A commercial bank that provides specialized financial services and lending for corporate and real estate projects.

Alta West Partners

A real estate investment firm that focuses on the acquisition and management of commercial office and industrial properties.

JLL Capital Markets

A global real estate services firm that provides investment banking, capital advisory, and brokerage services for institutional clients.

Lakeview Innovation Center

A 275,000-square-foot office campus located in Thousand Oaks that serves as a hub for various corporate tenants.

The details

JLL Capital Markets represented Alta West Partners in securing the three-year bridge loan. The campus currently hosts a diverse roster of tenants, including Marvell, Laboratory Corporation of America, Rawlings Sporting Goods, and Anchor Loans.

Alta West Partners acquired the property in September 2024.
JLL Capital Markets announced the financing deal on October 20, 2026.

Culture Shift

This transaction reflects the broader institutional trend of focusing on value-add repositioning for suburban office campuses. It demonstrates a pivot toward upgrading facilities to attract high-credit tenants in a competitive commercial market.

The full occupancy of the campus signals long-term stability for the local business ecosystem in Thousand Oaks. Residents and local professionals may see increased activity at the site as these established companies maintain their operations.

The takeaway

Commercial property owners are increasingly leveraging targeted renovations to secure favorable financing in the current market. These capital improvements remain a vital strategy for converting underutilized office space into fully leased assets.