Deal Highlight
Oak Hills Medical Plaza

55,246-square-foot, six story medical office adjacent to a hospital

West Hills, CA

PSRS closed an $11‐million‐dollar loan for Oak Hills Medical Plaza in West Hills, CA. Originally built in 1985, the 55,246-square-foot center is home to 21 medical-related tenants and is conveniently located adjacent to West Hills Hospital, providing a nice advantage for doctors who visit patients at the hospital. PSRS arranged a cash‐out refinance of an existing CMBS loan, on a 10‐year interest-only basis.

Upside Strategy

The cash‐out financing will allow the borrower to perform anticipated upgrades to the property, such as a new lobby and bathrooms, without dipping into cash reserves. PSRS’ Kostas Kavayiotidis leveraged his lender relationship to increase loan proceeds while maintaining the interest-only nature of the loan. The borrower was a referral from an existing client.

Final Word

In general, the healthcare field is very attractive– it’s a blue chip. So, irrespective of any legislation, medical‐related tenants are staying strong just by virtue of the location of the building and their client base and demand. Specifically any time you have a medical office building across from a hospital, that is a good thing.

See what kind of structure we can build for you!
CONTACT PSRS
Oak Hills Medical Plaza
 
CMBS Lender
55,246 SF
$11M
West Hills, CA
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PSRS Plans To Attend The Following Events
 

Bisnow -- Annual Southern California Industrial Series
July 17, 2017 - Starts 7:30am
JW MARRIOTT LA LIVE
900 West Olympic Boulevard, Los Angeles, CA 90015

ULI - YLG Case Study and Site Tour
July 17, 2017 - 6:30pm - 9:00pm
Ten50
1050 S. Grand Ave., Los Angeles, CA 90015

NAIOP - ALOHA SUMMER BARBEQUE!
July 17, 2017 - 6:00pm - 8:00pm
The Jonathan Beach Club
850 Palisades Beach Rd. (PCH), Santa Monica, CA

SCDF - Annual Cocktail Mixer
July 17, 2017 - 6:00pm to 9:00pm
The California Club
538 S. Flower Street, Los Angeles CA

Why Work with PSRS
 
  • Non-recourse financing
  • Lock rate at application
  • Terms - Floating Rate to 40 Year Fixed
  • Minimal to no reserve structure
  • Current servicing portfolio of $5.5 Billion – Fast servicing decisions
  • Nationwide coverage in the US on all commercial and multi-family real estate
  • Loan sizes from $1 Million to $100 Million+
PSRS represents 22 life insurance companies, and also works with banks, private capital and other credit facilities seeking investment in real estate secured assets.
We maintain a loan servicing portfolio that includes these life company mortgages, and we are available to provide borrowers with local customer service over the life of the loan.
CONTACT
PSRS Los Angeles
psrs-la@psrs.com
310-471-1911
ABOUT PSRS
Founded in 1972, PSRS is one of the largest privately-held commercial mortgage banking firms in the Western United States.
 
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