$6,300,000 Medical Office Building Acquisition Loan Closed

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $6.3MM acquisition loan for a Albuquerque, NM area Medical Office Building purchase.  The loan featured a 30 year amortization, 7yr UST + 2.30% fixed interest rate, a seven year term with 36 month prepayment penalty, and non recourse to the sponsors.

513 Capital was able to arrange the financing for a client who has deep experience in the medical office space and is continually adding to their robust portfolio. The loan was arranged a 63% of cost and funded through a life insurance company.

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

Trackback URL https://513cap.com/6300000-medical-office-building-acquisition-loan-closed/trackback/