$42.7 million refinancing for Samaritan Medical Tower in downtown Los Angeles arranged by HFF
LOS ANGELES, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $42.7 million refinancing for Samaritan Medical Tower, a 146,354-square-foot medical office building in downtown Los Angeles.
HFF worked on behalf of the borrower, Boulevard Investment Group, Inc., to secure the 10-year, fixed-rate CMBS loan. The financing is interest only throughout the entire term.
Samaritan Medical Tower is located at 1127 Wilshire Boulevard directly across the street from Good Samaritan Hospital, a 408-bed, world-class academic medical center affiliated with both USC and UCLA Schools of Medicine. This location is convenient to the 110 Freeway and nearby development projects in downtown Los Angeles including the Wilshire Grand, 6th & Bixel, The Bloc, and the Good Samaritan Hospital expansion. Originally built in 1964, Samaritan Medical Tower was extensively renovated in 2000 and 2014.
The HFF debt placement team representing the borrower was led by director Marc Schillinger.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.