{"id":1004341469,"date":"2019-07-25T04:42:46","date_gmt":"2019-07-25T12:42:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004341469"},"modified":"2019-07-31T01:56:18","modified_gmt":"2019-07-31T09:56:18","slug":"inland-empire-mob-lands-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inland-empire-mob-lands-refi\/","title":{"rendered":"Inland Empire MOB Lands Refi"},"content":{"rendered":"<div id=\"attachment_1004341481\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/JFK-Medical-Plaza-e1564055753369.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004341481\" data-attachment-id=\"1004341481\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/inland-empire-mob-lands-refi\/jfk-medical-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/JFK-Medical-Plaza-e1564055753369.jpg\" data-orig-size=\"640,480\" 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=\"JFK Medical Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;JFK Medical Plaza&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/JFK-Medical-Plaza-e1564055753369.jpg?w=640\" class=\"wp-image-1004341481 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/JFK-Medical-Plaza-e1564055753369.jpg\" alt=\"JFK Medical Plaza\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/JFK-Medical-Plaza-e1564055753369.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/JFK-Medical-Plaza-e1564055753369.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004341481\" class=\"wp-caption-text\">JFK Medical Plaza<\/p><\/div>\n<p>A joint venture between Omni West Group and HG Capital has taken a $3.4 million mortgage to refinance JFK Medical Plaza, a 30,192-square-foot Class B medical office building in the Inland Empire. The Nikols Co. originated the loan, which paid down a $2.5 million CMBS financing package from 2015, according to Yardi Matrix. U.S. Bank was the trustee for the CMBS pool.&nbsp;<\/p>\n<p>Located at 41120 Washington St. in Bermuda Dunes, Calif., JFK Medical Plaza is a short distance from Interstate 10, roughly 18 miles southeast of downtown Palm Springs, Calif. The property is within 10 miles of Eisenhower Medical Center and JFK Memorial Hospital.<\/p>\n<p>Developed in 1994 on a 4.2-acre site, JFK Medical Plaza includes 1,000 square feet of retail, per Yardi Matrix. The previous owner, Tenet Healthcare, renovated the two-story building in 2008. The asset&#8217;s tenant roster includes Desert Oasis Healthcare and a pharmacy. The property includes an atrium lobby, a medical elevator and 133 parking spaces.<\/p>\n<p>Medical properties are showing promise for developers in the Inland Empire market. All major office developments currently underway in the market have health-care components, per Yardi Matrix data. In early 2018, Trammell Crow Co. broke ground on a <a href=\"https:\/\/www.commercialsearch.com\/news\/tcc-to-expand-socal-medical-facility\/\">200,000-square-foot medical office building<\/a> on Riverside University Health System&#8217;s campus in Moreno Valley, Calif.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new mortgage pays down a previous $2.5 million CMBS loan on the 30,192-square-foot Class B property in Bermuda Dunes, Calif.<\/p>\n","protected":false},"author":870,"featured_media":1004341481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,34027,21754,21742,15],"tags":[36351,35826,32937,46460,35792,33231],"class_list":["post-1004341469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-inland-empire","category-medical-office","category-latest","category-west","tag-capital-improvement","tag-cmbs","tag-keybank","tag-omni-west-group","tag-tenet-healthcare","tag-u-s-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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