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G&N Management Secures $15.3 Million Refinance Loan For El Segundo Medical Office

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FINANCED
$15,300,000

California

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Medical Office51,000 SF
Financed 11/16/2023
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FINANCED

G&N Management Secures $15.3 Million Refinance Loan For El Segundo Medical Office

601 Hawaii Street

See Similar Deals
Medical Office51,000 SF
Financed 11/16/2023
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Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$300
Total Square Footage:51,000 SF
Transaction Type:Loan

A medical office building located at 601 Hawaii Street in El Segundo, California has been refinanced with a loan amount of $15.3 million. The property, totaling 51,000 square feet, is owned by G&N Management and fully leased to DaVita. The refinance was secured by Gantry, with Deutsche Bank providing a five-year, fixed-rate mortgage with interest-only terms.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $15,300,000
  • Address: 601 Hawaii Street
  • Market: El Segundo
  • Lender: Deutsche Bank
  • Landlord: G&N Management
  • Brokers: Alicia Sabanero, Amit Tyagi & Mark Ritchie - Gantry

Gantry, represented by Alicia Sabanero, Amit Tyagi, and Mark Ritchie from Gantry, successfully secured the $15.3 million loan for the medical office property in El Segundo, California.

Players

Mark Ritchie
6 deals$179.8M volume
BROKER

Amit Tyagi
Gantry
12 deals$305.9M volume
BROKER

Alicia Sabanero
Gantry
7 deals$237M volume(310) 846-5305
BROKER

Deutsche Bank
LENDER

Details

FINANCED
IMAGE: Mark Ritchie, Amit Tyagi & Alicia Sabanero DATE: 11/16/2023 ADDRESS: 601 Hawaii Street MARKET: El Segundo ASSET TYPE: Medical Office ~ SF: 51,000 LENDER: Deutsche Bank (@DeutscheBank) LANDLORD: G&N Management BROKERS: Alicia Sabanero (@AliciaSabanero4), Amit Tyagi & Mark Ritchie - Gantry (@Gantry_Inc) LOAN AMOUNT: $15,300,000 LOAN TYPE: Refinance LOAN TERMS: five-year, fixed-rate mortgage features interest-only terms NOTE: Gantry secured $15.3 million in permanent refinancing for a medical office in El Segundo, California. The five-year CMBS loan from DBR Investments, featuring a fixed rate and interest-only terms, is fully leased to DaVita.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,300,000.00

Monthly NOI$102,000.00
Monthly Debt Service$96,706.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00