Medical Office - Debt

Northmarq completes $14 million refinance of Wilshire Carson Medical Building in Beverly Hills, California

LOS ANGELES, CALIFORNIA (October 21, 2021) – Ory Schwartz, senior vice president/managing director of Northmarq’s Los Angeles office, negotiated the $14 million refinance of Wilshire Carson Medical Building. The 54,388 sq. ft. class A- medical office building (built in 1987) is located at 8641 Wilshire Boulevard in Beverly Hills, California. The transaction was structured with a 10-year term on a 30-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.