MetroGroup Sets Financing for Nearly 200,000 SF

NEWPORT BEACH, CA—The firm arranges more than $30 million in loans for the acquisition and refinancing of three properties located in Laguna Niguel, San Diego and Pomona, CA.

By Carrie Rossenfeld | Updated on June 02, 2014

NEWPORT BEACH, CA—Locally based private mortgage banking firm MetroGroup Realty Finance has arranged more than $30 million in financing for the acquisition and refinancing of three different Southern California properties. The assets total more than 194,488 square feet and are located in Laguna Niguel, San Diego and Pomona, CA.

The firm provided $10 million in refinancing on a 29,382-square-foot medical-office building at 25500 Rancho Niguel Rd. in the Mission Hospital submarket of Laguna Niguel. The property is owned and was built in 1992 by the Buie Stoddard Group. MetroGroup provided a 10-year fixed-rate term at 65% loan-to-value.

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