{"id":1004189120,"date":"2017-08-31T05:35:18","date_gmt":"2017-08-31T13:35:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004189120"},"modified":"2022-12-08T13:51:35","modified_gmt":"2022-12-08T21:51:35","slug":"la-area-mob-lands-51m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/","title":{"rendered":"LA-Area MOB Lands $51M Refi"},"content":{"rendered":"<p>By IvyLee Rosario\u00a0<\/p>\n<div id=\"attachment_1004189137\" style=\"width: 349px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Ventana-Medical-Plaza.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004189137\" data-attachment-id=\"1004189137\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/ventana-medical-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Ventana-Medical-Plaza.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Ventana Medical Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Ventana Medical Plaza&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Ventana-Medical-Plaza.jpg?w=400\" class=\"wp-image-1004189137 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Ventana-Medical-Plaza.jpg\" alt=\"Ventana Medical Plaza\" width=\"339\" height=\"263\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Ventana-Medical-Plaza.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Ventana-Medical-Plaza.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 339px) 100vw, 339px\" \/><\/a><p id=\"caption-attachment-1004189137\" class=\"wp-caption-text\">Ventana Medical Plaza<\/p><\/div>\n<p>TriStar Realty Group received a $51 million loan to refinance construction debt on Ventana Medical Plaza, its off-campus medical office building located in Tarzana, Calif. Capital One secured the loan on behalf of TriStar and Geoff Arrobio of Walker &amp; Dunlop provided advisory services to the company.\u00a0<\/p>\n<p>The 120,000-square-foot asset is the first new medical office building to open in the area within the last 20 years. The building includes a 600-space parking garage, 4,200 square feet of first floor retail and offers quick access to the Providence Tarzana Medical Center, a 249-bed care hospital that is part of Providence St. Joseph Health.<\/p>\n<h2>Additional Use to Come<\/h2>\n<p>Located at 18131 Ventura Blvd., the four-story facility will open a 17,000-square-foot foot surgery center, which will act as part of the 43,000 square feet that St. Joseph Health leases at the building. The asset will also feature a 63,000-square-foot cancer center, the largest in the San Fernando Valley.<\/p>\n<p><em>&#8220;Our team has significant experience in construction takeout financing, and was able to leverage the value created by the leases above and beyond the cost to construct the building,&#8221;<\/em> said Erik Tellefson, Managing Director for Capital One Healthcare, in prepared remarks. <em>&#8220;We structured the loan to allow for multiple future fundings as tenants take physical occupancy of the building.&#8221;\u00a0<\/em><\/p>\n<p>Earlier this year,\u00a0Capital One arranged for a $535 million loan to fund Starwood Property Trust Inc.&#8217;s acquisition of a 34-property <a href=\"https:\/\/www.commercialsearch.com\/news\/capital-one-leads-half-billion-loan-for-starwoods-mob-deal\/\">MOB portfolio<\/a> spanning across 12 states.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capital One secured the loan on behalf of TriStar Realty Group. The 120,000-square-foot asset is the first new medical office building to open in the area within the last 20 years. <\/p>\n","protected":false},"author":746,"featured_media":1004189137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21783,1594,21754,21742,15],"tags":[33139,37417,34573],"class_list":["post-1004189120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-investment","category-los-angeles","category-medical-office","category-latest","category-west","tag-capital-one","tag-capital-one-healthcare","tag-walker-and-dunlop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LA-Area MOB Lands $51M Refi - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LA-Area MOB Lands $51M Refi\" \/>\n<meta property=\"og:description\" content=\"Capital One secured the loan on behalf of TriStar Realty Group. The 120,000-square-foot asset is the first new medical office building to open in the area within the last 20 years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-31T13:35:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:51:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Ventana-Medical-Plaza.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/\",\"name\":\"LA-Area MOB Lands $51M Refi - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Ventana-Medical-Plaza.jpg\",\"datePublished\":\"2017-08-31T13:35:18+00:00\",\"dateModified\":\"2022-12-08T21:51:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Ventana-Medical-Plaza.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Ventana-Medical-Plaza.jpg\",\"width\":400,\"height\":310,\"caption\":\"Ventana Medical Plaza\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LA-Area MOB Lands $51M Refi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"LA-Area MOB Lands $51M Refi - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/la-area-mob-lands-51m-refi\/","og_locale":"en_US","og_type":"article","og_title":"LA-Area MOB Lands $51M Refi","og_description":"Capital One secured the loan on behalf of TriStar Realty Group. 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