October 22, 2015
Samaritan Medical Tower, a medical-office property in Downtown Los Angeles that totals 146,354 square feet, just received $42.7 million in refinancing that was provided by Holliday Fenoglio Fowler (HFF).
The borrower was Boulevard Investment Group, and the loan is a 10-year fixed-rate CMBS arrangement.
The building has 408 beds and is affiliated with both the USC and UCLA medical schools. Samaritan Medical Tower was built in 1964 and renovated in 2000, as well as last year, and located at 1127 Wilshire Blvd. Marc Schillinger was the HFF rep who led the borrowing arrangement.