2006 Transactions
Tremont Structures $2,330,000 Financing for Arizona Medical Office
The Chicago office of Tremont Realty Capital arranged acquisition financing for the Prescott Medical Suites located at 980 Willow Creek Road, Prescott, AZ. Prescott Medical is a two-story, 20,940 square foot multi-tenant medical office building that was 85% occupied at closing. The property is ideally located across the street from the Yavapai Regional Medical Center west campus, which serves as the community’s largest hospital.
Thomas Lorenzini, a Managing Director with Tremont’s Chicago office, arranged the $2,330,000, 5-year fixed rate non-recourse loan which provided 70% loan-to-value. According to Lorenzini, “Tremont was able to secure financing that met the borrower’s tight spread expectations, as well as, time frame and fixed rate request.”
For additional information on this transaction,
please contact:
Thomas Lorenzini
Managing Director
Email: tlorenzini@tremontcapital.com
Phone: 312.236.0960
