GREENBRAE, CA—CBRE Capital Market's debt & structured finance group in Dallas arranged financing for the Marin Cancer Institute in Greenbrae.

CBRE worked on behalf of Empire Square Group and Kuwait Finance & Investment Company to obtain a $17.4 million non-recourse loan. The five-year, fixed rate interest-only loan was secured through Siemens Financial Services.

Guy Nesdale, partner at Empire Square Group said, “This was a complex transaction on numerous fronts and had a lot of moving parts. Greg Greene, Scott Lewis and their CBRE team understood the complexities and remained diligent in working through each issue to a closing. We look forward to working with them again.”

Marin Cancer Institute consists of 45,277 square feet of medical clinic space, master-leased by Marin General Hospital. The award-winning and well-respected Marin Cancer Institute is located at the property. The Marin Cancer Institute offers on-site radiation oncology programs, oncology research and physical therapy programs. In 2011, the Commission on Cancer of the American College of Surgeons awarded the Marin Cancer Institute three-year accreditation with commendation, earning eight out of eight possible commendations.

The Marin Cancer Institute is less than two miles from the intersection of U.S. Highway 101 and Interstate 580, offering direct access to downtown San Francisco, Richmond and Oakland. The institute is adjacent to the Marin General Hospital campus, which includes the Braden Diabetes Center, Marin Magnetic Imaging and the Vascular Testing Center. In addition, the property is next to a Kindred Hospital that offers quality long-term care, as well as short-term rehabilitative care.

Greg Greene and Scott Lewis with CBRE's Debt & Structured Finance group in Dallas originated and secured the financing on behalf of the borrower.