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Deal Description
Refinance for a medical office building to lease the hospital portion; it was waiting for permits to parcel out the land to develop additional buildings on the campus. This deal was brought to us after the sponsor attempted many other avenues.
Property Location
801 South State Highway 78
Quick Stats
Partner Type
Debt fund
Program Type
Bridge
Program details
Rate: 9.5%
Term: 2 years
IO period: 2 years
Non-recourse
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