Regency Capital Partners

Foster City Medical Center


Foster City Medical Center

Summary

Regency Capital Partners (“RCP”) arranged the recapitalization for the conversion to medical office of this 40,000 square foot office building located in Foster City, California. to medical office. Despite the difficult capital markets, Regency Capital Partners was able to structure a first mortgage bridge loan combined with a mezzanine loan to finance 97% of project costs at an extremely competitive interest rate.


Transaction Details

LOAN AMOUNT $22,000,000
FINANCING TYPE Bridge and Mezzanine
LENDER TYPE International Bank
PROPERTY TYPE Office
PROPERTY ADDRESS
Map
1241 East Hillsdale Blvd.
Foster City, CA
PROPERTY DESCRIPTION A newly refurbished 40,000 square foot building that is the new home to the 30,000 patient Mariner Medical Center.