Gantry Secures $85 Million Refinance For Medical Office Properties Adjacent To Torrance Memorial

Two medical office properties were refinanced, totaling 420,860 square feet, located at 23430 Hawthorne Boulevard and 3640 Lomita Boulevard in the Torrance market. The total loan amount secured for these properties is $85,000,000, which was arranged for a private investor through a correspondent insurance company lender. The loan terms include a 10-year fixed-rate structure, along with funds allocated for tenant improvements and leasing costs.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $85,000,000
• Loan Type: Refinance
• Loan Terms: 10-year, fixed rate
• Asset Square Footage: 420,860
• Address: 23430 Hawthorne Boulevard & 3640 Lomita Boulevard
• Market: Torrance
• Brokers: George Mitsanas, Braden Turnbull & Alicia Sabanero - Gantry

Gantry was responsible for securing the refinancing, highlighting their role in facilitating the transaction for the private investor. The loans encompass properties adjacent to Torrance Memorial Medical Center, including the 10-building Skypark Medical campus and an additional nearby facility.