$9,100,000 Bridge Loan on Medical Office Building
Transaction Description:
$9,100,000 Bridge Loan for Medical Office Property (Condo Conversion) - Acquisition
Los Angeles County, CA
70% LTC
Debt Fund Lender
Non-Recourse
Fixed Rate, No PPP
Partial Release Provisions
New Borrower Relationship
$9,100,000 Bridge Loan Financing for a 32,000 SF Medical Office Building located in Los Angeles County, CA.
Mandri Capital has closed multiple financings with this best-in-class debt fund lender. Sponsor is a new Mandri client. Lender funds were applied to acquisition, improving curb appeal, as well as, completing ongoing processing for condo conversion – which will allow for the sale of individuals units to end users in this supply constrained submarket. Mandri Capital continues to grow its capital advisory practice almost exclusively on referrals. Please keep us in mind for any and all relevant commercial real estate financings.
