Updated Oct 5, 2026
San Bernardino M.O.B., LLC Secures $4.15M Refinance Loan For Medical Office In San Bernardino
399 East 21st Street
$4,152,000
$314/SF
Building Size
13,194 SF
Asset Type
Medical Office
Closing
Oct 1, 2026
About this deal
AI
The asset involved in this transaction is a medical office building located at 399 East 21st Street in San Bernardino, CA. The building spans a total of 13,194 square feet and is owned by San Bernardino M.O.B., LLC. The refinancing loan secured is for $4,152,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $4,152,000
- Loan Type: Refinance
- Loan Terms: 10-year term with a five-year reset and 25-year amortization
- Landlord: San Bernardino M.O.B., LLC
- Broker: Geoffrey Arrobio - Matthews
Matthews Capital Markets was responsible for securing the refinancing loan for the borrower, San Bernardino M.O.B., LLC. The loan carries a fixed rate of 5.75%, and part of the proceeds, totaling $1.2 million in cash-out, is designated for another medical office investment in Modesto.
On the Map
$4,152,000
$314/SF
Medical Office
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San Bernardino Medical Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93