Transaction Type
Medical Office
Loan Type
Permanent Loan
Loan Term
25-Year Term, 25-Year Amortization
Highlights
• Construction loan take-out of a new 9,000 SF medical office building located in Weston, Florida, within the Miami MSA.
• Building was 100% pre-leased at the time of closing to two tenants, both in the final stages of suite construction, each under long-term leases.
• The building was located in area with strong demographics that supported the tenants.
• Repeat sponsor with over 30 years of experience in the local area.
