CB Single Property
Medical Office - Northern California
Pleasant Hill, CA
$14,000,000
61,662 Sq. Ft.
Overview
The subject property is 61,662 sf three story medical office building situated on 4.5 acres located in the Pleasant Hill submarket of the San Francisco Bay Area. The property was undergoing repositioning and major renovations. The subject property was encumbered not only with conventional real estate debt but also specialty debt totaling $9,000,000.00 for the property’s unique FF&E.
Pathfinder was able to restructure all of the debt with a loan from a Life Insurance Company to consolidate both facilities into one $14,000,000.00 loan that allowed the borrower a period of interest only to successfully complete the repositioning of this trophy asset.
Pathfinder was able to restructure all of the debt with a loan from a Life Insurance Company to consolidate both facilities into one $14,000,000.00 loan that allowed the borrower a period of interest only to successfully complete the repositioning of this trophy asset.
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