FINANCED
Tristar Realty Group Secures $50M Refinance Loan For Ventana Medical Center
18133 Ventura Boulevard
Medical Office
Financed 16 days ago
Summary
Loan
CALIFORNIA
Medical Office
The Ventana Medical Center, located at 18133 Ventura Boulevard in Tarzana, is a Class A medical office facility. The property is co-anchored by Cedars Sinai Medical Center and Providence Health System-Southern California. First Citizens Bank provided a $50 million refinancing package for this modern medical office facility.
Summary of transation details:
- Property Type: Medical Office
- Transaction Amount: $50,000,000
- Lender: William Douglass - First Citizens Bank
- Landlord: Daniel Kashani - Tristar Realty Group
Tristar Realty Group, the borrower in this deal, commended First Citizens Bank for their expertise and efficient execution in closing the transaction. The importance of Ventana's state-of-the-art facilities and strategic location in providing healthcare services to the San Fernando Valley was highlighted during the financing process.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: William Douglass & Daniel Kashani
DATE: 04/18/2024
ADDRESS: 18133 Ventura Boulevard
MARKET: Tarzana
ASSET TYPE: Medical Office
LENDER: William Douglass - First Citizens Bank
LANDLORD: Daniel Kashani - Tristar Realty Group
LOAN AMOUNT: $50,000,000
LOAN TYPE: Refinance
NOTE: First Citizens Bank provided $50 million in financing for the Ventana Medical Center, a Class A medical office facility in Tarzana, California, co-anchored by Cedars Sinai Medical Center and Providence Health System-Southern California. Tristar Realty Group, the borrower, praised First Citizens' expertise and efficient execution in closing the deal, highlighting the importance of Ventana's modern facilities and strategic location in providing clinical care to the San Fernando Valley.View on map
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Address18133 Ventura Boulevard
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