Regency Capital Partners

St. Vincent's Medical Office Building


St. Vincent's Medical Office Building

Summary

Regency Capital Partners (RCP) arranged acquisition financing of this 139,000 SF, on-campus medical office building located across the street from St. Vincent's Medical Center in central Los Angeles. Despite the building's 50% vacancy rate, RCP secured non-recourse bridge debt, enabling the Sponsor to re-position, lease up the facility, and take advantage of their ability to deliver the only Class A, on-campus medical office space of large contiguous suites in the downtown L.A. medical office market.


Transaction Details

LOAN AMOUNT $21,355,000
FINANCING TYPE Bridge
LENDER TYPE Domestic Bank
PROPERTY TYPE Office
PROPERTY ADDRESS
Map
2100 West Third Street
Los Angeles, CA
PROPERTY DESCRIPTION This is a five story, 139,000 SF medical office building, located in Los Angeles, CA.