{"id":1004197037,"date":"2017-11-09T13:51:12","date_gmt":"2017-11-09T21:51:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197037"},"modified":"2022-12-09T02:25:26","modified_gmt":"2022-12-09T10:25:26","slug":"socal-mob-lands-25m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/socal-mob-lands-25m-loan\/","title":{"rendered":"SoCal MOB Lands $25M Loan"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/healthcare-news-01.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" data-attachment-id=\"1004197042\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/socal-mob-lands-25m-loan\/healthcare-news-01\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/healthcare-news-01.png\" data-orig-size=\"800,620\" 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;0&quot;}\" data-image-title=\"healthcare news 01\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/healthcare-news-01.png?w=800\" loading=\"lazy\" class=\"alignright wp-image-1004197042 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/healthcare-news-01.png\" alt=\"healthcare news 01\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/healthcare-news-01.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/healthcare-news-01.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/healthcare-news-01.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Keystone Mortgage Corporation\u2014a commercial real estate financing company founded back in 1957\u2014has secured a $24.5 million construction-to-permanent financing for a medical office. Having a single tenant, this 39,000-square-foot property is located in Southern California&#8217;s Inland Empire.\u00a0<\/p>\n<p>The Keystone team, led by Vice President James Ruiz, worked on behalf of a local developer to secure a 98 percent loan-to-cost, fixed-rate construction loan that will convert into a 10-year, non-recourse loan. The financing was procured through an institutional pension fund and will be serviced by Keystone. The loan accommodated the tenant&#8217;s purchase option and waived the prepayment fee should the tenant exercise its option. The company implemented a maximum leverage financing option with a fixed rate and term conversion.<\/p>\n<p><em>\u201cKeystone&#8217;s bread and butter is providing life insurance <a href=\"https:\/\/www.commercialsearch.com\/news\/keystone-secures-60m-for-oc-retail\/\">company financing<\/a>. That includes construction, construction-to-perm, mezzanine, bridge and JV equity financing. When our clients have specific needs, we deliver,\u201d<\/em> Ruiz said in prepared remarks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The approximately 40,000-square-foot asset was subject to a fixed-rate construction loan. Keystone Mortgage Corporation will oversee financing.<\/p>\n","protected":false},"author":928,"featured_media":1004197042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21825,21783,1594,21754,21742,15],"tags":[38295,37322],"class_list":["post-1004197037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-finance","category-investment","category-los-angeles","category-medical-office","category-latest","category-west","tag-james-ruiz","tag-keystone-mortgage-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SoCal MOB Lands $25M Loan - 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\/socal-mob-lands-25m-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SoCal MOB Lands $25M Loan\" \/>\n<meta property=\"og:description\" content=\"The approximately 40,000-square-foot asset was subject to a fixed-rate construction loan. 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