HFF Refi's Two MOBs

LOS ANGELES-A two-building medical office portfolio has been refinanced for $11 million by HFF. The two properties, located in Garden Grove and Los Alamitos, total 120,253 square feet.

By Bruce Haring | May 28, 2013 at 12:51 PM

LOS ANGELES–HFF has arranged $11 million infinancing for a two-building medical office portfolio totaling120,253 square feet.

Loan proceeds will be used to refinance existing debt on theproperties and return capital to the borrower, joint venturepartners Pacific Prime Properties andHager Pacific.

The 20-year, fully amortizing, fixed-rate financing was throughING Investment Management.

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