Gantry Secures $28M Loan To Refinance Torrance Medical Office Property

The Torrance Memorial Lundquist-Lurie Cardiovascular Center, a fully leased medical office building located at 2841 Lomita Boulevard in Torrance, Los Angeles County, was refinanced with a $28 million permanent loan. The loan, facilitated by Gantry's Los Angeles office, features a 10-year term with an attractive fixed rate. It also includes a 30-year amortization schedule and pre-payment flexibility starting after the seventh year.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $28,000,000
• Address: 2841 Lomita Boulevard
• Market: Torrance
• Asset Size: 65,000 SF
• Loan Type: Refinance
• Loan Terms: 10-year permanent loan, fixed rate with 30-year amortization and pre-payment flexibility after year seven
• Brokers: Alicia Sabanero, Braden Turnbull & George Mitsanas - Gantry

The $28 million permanent loan for the Torrance Memorial Lundquist-Lurie Cardiovascular Center was secured by Gantry's Los Angeles office and placed with one of Gantry's correspondent insurance company lenders. Alicia Sabanero, Braden Turnbull, and George Mitsanas of Gantry were the brokers involved in the deal, representing the parties in this successful refinancing transaction.