Medicus Medical Office Portfolio

$24,500,000 Medical Office Portfolio Loan from Life Insurance Company

City: San Diego, Encinitas, & Temecula, CA
Loan amount: $24.5M Bridge Loan
Lender type: Life Insurance Company
Property type: Medical Office Portfolio
Size: 105,850 SF

Transaction description

This portfolio includes 3 medical office buildings with 105,850 SF in San Diego, Encinitas and Temecula, CAIn some of these buildings you can get the same basic services you can get in hospitals (urgent care, physical therapy, orthopedic, life‐style/cosmetic and plastic surgery, surgery center, dental, and radiology/x‐ray).  Medicus Property Group, the borrower, is a company in the growth phase which has plans to expand their real estate footprint across the country by purchasing, developing, or converting professional office or traditional medical office space into medical real estate or “mini‐hospitals” which operate more efficiently and with less overhead than hospitals.

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