Matthews™ Capital Markets Executes $4.15M Loan for San Bernardino Medical Office

LOS ANGELES, CA—Matthews™ Capital Markets (MCM), a fully integrated and dedicated financing division of Matthews™, secured a $4,152,000 loan for a single-tenant medical office building located at 399 East 21st Street in San Bernardino, California. First Vice President Geoffrey Arrobio represented the borrower, San Bernardino M.O.B., LLC, whose refinancing will generate approximately $1.2 million in cash-out proceeds after acquiring the property 18 months ago.

Located directly across from Dignity Health Community Hospital of San Bernardino, the 13,194-square-foot medical office building benefits from a strategic healthcare location with strong visibility and convenient access for patients and medical professionals. The property is leased to a long-term medical tenant, providing stable cash flow and reinforcing its position as a durable healthcare investment.

The cash-out refinancing was structured with a 5.75% fixed interest rate, a 10-year term with a five-year rate reset, and a 25-year amortization schedule. Arrobio leveraged his extensive lender relationships and market expertise to provide certainty of execution and a financing solution aligned with the borrower’s long-term investment objectives.

“This transaction involved a borrower with whom I have a long-term client relationship,” Arrobio said. “Loan proceeds were important as a portion of the cash-out proceeds will be reinvested into another medical office building in Modesto, which also has a long-term NNN lease.”

For more information, please contact Geoffrey Arrobio or visit www.matthews.com.

About Matthews™ Capital Markets

The Matthews™ Capital Markets (MCM) is a fully integrated and dedicated financing division of Matthews™. MCM provides capital solutions for all property types across the U.S.