News Column

Canada : HFF arranges $40 million refinancing for Beverly Hills medical office building

April 25, 2014

HFF announced today that it has arranged a $40 million refinancing for 450 N. Roxbury, a 101,653-square-foot medical office building in Beverly Hills, California.

Working exclusively on behalf of Starpoint Properties, LLC, HFF placed the 15-year, fixed-rate loan with an affiliate of Guggenheim Finance LLC. The loan, which is refinancing senior debt on the property, will also be serviced by HFF.

450 N. Roxbury is located a few blocks from the intersection of Wilshire and Santa Monica Boulevards in the Golden Triangle area of Beverly Hills. The property is fully leased.

The HFF debt placement team representing the borrower was led by director Chris Vittetoe and managing director Paul Brindley.

Starpoint Properties, LLC is a leading real estate investment firm that specializes in acquiring core, core-plus and value-added commercial assets through a team of seasoned and experienced real estate professionals.

HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc.. HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.

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Source: TendersInfo (India)