Seth Ludwick Of PSRS Secures $16.3 Million Loan For Medical Office In Santa Barbara

The property involved in this transaction is a medical office asset located at 4151 Foothill Road in Santa Barbara. The asset has a total square footage of 61,664 and was refinanced for a substantial loan amount.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $16,300,000
• Loan Terms: non-recourse, 10-year loan with 30-year amortization and no reserves
• Address: 4151 Foothill Road
• Market: Santa Barbara
• Broker: Seth Ludwick - PSRS- Pacific Southwest Realty Services

Seth Ludwick of PSRS successfully secured the refinancing for the Foothill Centre. The loan was provided to an undisclosed borrower, indicating the confidential nature of this financial transaction.