Bellwether Enterprise Secures $23.5M Refinancing for Medical Office Buildings in Southern California
TORRANCE, CALIF. — Bellwether Enterprise Real Estate Capital, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, has arranged $23.5 in refinancing for two medical office buildings in Torrance.
The properties are a 37,143-square-foot, four-story building on 1.67 acres at 3500 Lomita Ave. and a two-story, 42,101-square-foot building on 2.7 acres at 23560 Madison St. The undisclosed borrower acquired both assets in 2008.
Kevin Mulvaney of Bellwether Enterprise’s Los Angeles office arranged the loan with MetLife.