Aug
31
LA-Area MOB Lands $51M Refi
ByCapital One secured the loan on behalf of TriStar Realty Group. The 120,000-square-foot asset is the first new medical office building to open in the area within the last 20 years.
TriStar Realty Group received a $51 million loan to refinance construction debt on Ventana Medical Plaza, its off-campus medical office building located in Tarzana, Calif. Capital One secured the loan on behalf of TriStar and Geoff Arrobio of Walker & Dunlop provided advisory services to the company.
The 120,000-square-foot asset is the first new medical office building to open in the area within the last 20 years. The building includes a 600-space parking garage, 4,200 square feet of first floor retail and offers quick access to the Providence Tarzana Medical Center, a 249-bed care hospital that is part of Providence St. Joseph Health…
