Gantry Secures $8.2M Refinance Loan For Medical Office In Irvine
15825 Laguna Canyon Road
$8,200,000
$190/SF
Building Size
43,000 SF
Asset Type
Medical Office
Closing
May 30, 2024
AI
A $8.2 million permanent loan was secured by Gantry to refinance a fully leased, 43,000-square-foot medical office building located at 15825 Laguna Canyon Rd in Irvine. The loan features a five-year, fixed-rate term with low leverage and a 30-year amortization schedule. The property is situated near Kaiser Permanente and Hoag hospital facilities in Irvine.
Summary of transation details:
- Property Type: Medical Office
- Transaction Amount: $8,200,000
- Market: Irvine
- Brokers: Bahman Mirhashemi - Gantry & Sean Kuang - undefined
The $8.2 million loan was arranged by Gantry's Bahman Mirhashemi and Sean Kuang for a private real estate investor. This transaction exemplifies Gantry's expertise in securing favorable loan terms for high-performing medical office assets.
Players
Irvine Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93