Gantry, a leading commercial real estate firm, recently secured an $8.2-million permanent loan for the refinancing of a medical office building in Irvine. The 43,000-square-foot facility is fully leased to various medical specialists and services and is strategically located near Kaiser Permanente and Hoag hospital facilities.
Senior director Bahman Mirhashemi and associate Sean Kuang from Gantry’s Irvine production office successfully obtained the loan on behalf of a private real estate investor who specializes in medical office assets. The five-year fixed-rate loan with low leverage features a 30-year amortization period and was provided by one of Gantry’s correspondent lenders.
According to Mirhashemi, “This optimized loan showcases Gantry’s ability to effectively communicate the property’s strong operational history, experienced sponsor team, solid fundamentals, and prime location within the highly sought-after Irvine Spectrum submarket near two major regional hospitals.” He added that this process allowed them to secure favorable financing terms from one of their top life company correspondents while retiring existing debt on the property without recourse obligations.
The article originally appeared on Connect CRE.
