Deerfield Medical Office

$5,100,000 Medical Office Loan from Life Insurance Company

City: Irvine, CA
Loan amount: $5,100,000
Lender type: Life Insurance Company
Property type: Medical Office
Size: 17,500 SF

Transaction description

Michael Tanner and Tony Messiah of PSRS arranged the $5.1 million refinance of a medical office building in Irvine, California. The subject property is a 17,500-square-foot medical office building built in 2009 of wood-framed construction with a stucco and stone exterior. The site has roughly two acres of land and contains 98 parking spaces. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a three-year loan term with a 25-year amortization.

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