$8,850,000 Medical Office Building Loan Closed

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $8.85MM loan for the acquisition of a Glendale, Arizona Class A Medical Office Building. The loan supported the $13,370,000 acquisition price along with $400,000 in TI/LC future funding. New ownership is an experienced MOB investor and expanding their portfolio in the US.

513 Capital was able to arrange the financing with a Regional Bank. The loan featured a 4% fixed interest rate, a five year term, and a 25 year amortization.

513 Capital specializes in bank, SBA, and private commercial real estate funding.

Trackback URL https://513cap.com/8850000-medical-office-building-loan-closed/trackback/