Matthews™ Capital Markets Secures $22.5M Acquisition Loan for Medical Office Portfolio in California
LOS ANGELES, CA— Matthews™ Capital Markets (MCM), a fully integrated and dedicated financing division of Matthews™, has successfully secured a $22,500,000 acquisition loan for a four-property medical and regional center portfolio, located at 1701 & 1801 Solar Drive, 1901 Rice Ave, and 2401 E Gonzalez Road in Oxnard, California. Matthews™ handled the loan transaction.
Strategically positioned within the Gonzales Corridor, the assets sit two blocks west of St. John’s Regional Medical Center, offering convenient access to the 101 Freeway. The client acquired the 193,066-square-foot portfolio at a 10% cap rate with an occupancy rate of 92%.
The loan was secured at highly competitive rates and structured at 60% loan-to-cost, aligning with the buyer’s long-term acquisition strategy and growing medical office portfolio throughout California. Following the acquisition, the buyer plans to execute a value-add business plan that includes expanding certain medical users, interior building upgrades, and implementing energy-efficient systems, including solar.
For more information, please contact a Matthews™ Capital Markets specialized agent 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.
