CHINO HILLS-Eagle Group Finance, L.P. has provided a family-operated investment group with a $2 million short-term, non-recourse senior note to recapitalize a 13.7-acre land parcel in Chino Hills.

“While the financing will be used to pay off the existing debt encumbering the property, equally important, it gives the borrower the time necessary to move forward with its development plans,” said Brian Good, president of Eagle Group, Los Angeles.

The borrower, which has more than two decades of experience in healthcare development, purchased the property in 2006. The property is located near the 71 Freeway and Chino Hills Parkway.

“With our loan in place, it will be much easier for the borrower to obtain conventional financing for the project, now that the economy has turned and medical office and light industrial is in such high demand,” Good added.

Eagle Group Finance is an operating unit of Los Angeles-based Eagle Group, LLC, which through its various operating units provides short- and long-term financing, capital advisory services and placement of institutional real estate investment capital, third-party loan servicing and property management, and commercial real estate brokerage services.

Instant Insights /

Eagle Group Finance Arranges Refi for Healthcare Developer

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