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VA Health Care Center

Los Angeles, CA

$99,488,000

PROPERTY TYPE

Office

DATE

January 20, 2016

FINANCING TYPE

Permanent

George Mitsanas, Principal, Peter Hillakas, Vice President, and Michelle Hsieh, Associate, of Gantry’s Los Angeles office along with Mesirow Financial, have arranged the construction to permanent financing for the Monterey VA Health Care Center located in Marina, California, in the former Fort Ord military base. The non-recourse, fixed rate loan totals $99,488,000 and will amortize over a 20-year term. Gantry will service this loan for its life company correspondent lender. The planned LEED Certified, 141,000 SF health care center is currently under construction and will be completed in the Fall of 2015. Veteran Affairs will occupy the majority of the building, with the remaining space occupied by the Department of Defense, for 20 fixed years. The center will provide primary and specialty care and serve tens of thousands of patients in the surrounding area.

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