Foothill Centre
$16,300,000 Medical Office Loan from Bank
City: Santa Barbara, CA
Loan amount: $16,300,000
Lender type: Bank
Property type: Medical Office
Size: 61,664 SF
Transaction description
Seth Ludwick of PSRS arranged the $16.3 million refinance of a medical office campus in Santa Barbara, California. The subject property is a 61,664-square-foot, single-tenant medical office campus with ample parking at 225 spaces. Financed with bank execution, PSRS provided its borrower with a non-recourse 10-year loan term and 30-year amortization with no reserves.
TRANSACTION ADVISORS
Seth Ludwick
Principal
Loan Officer
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