Bandon Capital Advisors, a commercial mortgage banking and capital advisory firm based in Los Angeles, recently arranged two financing transactions totaling $24.55 million on behalf of a private investor. The deals included $12 million for a single-tenant medical office building and $12.55 million for an industrial asset located directly across from the NFL’s new SoFi Stadium in Inglewood.
Co-founder and President at Bandon Bryan Kenny noted that there is strong demand to finance well-located industrial and medical office properties throughout Los Angeles due to ecommerce driving logistics needs as well as LA ranking among the top 10 markets nationally in rent growth for medical offices.
Kenny said “E-commerce is driving demand for logistics and distribution centers across the United States, especially in regions like Southern California that enable efficient distribution through access to major ports, highways, and airports.” He added “In addition, medical office is extremely healthy in this area with L.A.’s ranking as one of the top 10 markets nationally in rent growth fueling financing activity within both sectors throughout Los Angeles.”
