Located at 1535 E. Colorado St. in Glendale, this office property spans across 4,295 square feet. The property was recently involved in an acquisition loan transaction.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $1,760,000
• Market: Glendale
• Lender: First Wholesale Lending Inc.
• Landlord: Tri-state Community Healthcare
• Broker: Michael Hendizadeh
• Loan Type: Acquisition
• Loan Terms: 7 Year Fixed - 4.24% with Stepdown Prepay, 80% LTV

The loan, provided by First Wholesale Lending Inc., amounted to $1,760,000. It was an acquisition loan with a fixed term of seven years and an interest rate of 4.24%. The loan also included a stepdown prepayment option, and the loan-to-value ratio was 80%. Michael Hendizadeh acted as the broker in this transaction.

First Wholesale Lending Inc. offered special purpose commercial financing for this non-profit community healthcare center. The center is a Federally Qualified Health Center (FQHC) and a 501(c)(3) organization that receives grant funding from the HRSA Bureau of Primary Health Care under the Health Center Program, as authorized by Section 330 of the Public Health Service Act.