REBusinessOnline

CHINO HILLS PROFESSIONAL PLAZA RECEIVES $8M LOAN

CHINO HILLS, CALIF. — Chino Hills Professional Plaza, a 40,000-square-foot medical office facility in the Los Angeles submarket of Chino Hills, has received an $8-million loan. The plaza is located at the intersection of Grand Avenue and Chino Hills Parkway.

The fixed-to-floating rate loan will be used to refinance the asset and pay off an existing CMBS note for the owner, StoneCreek Company. Financing was secured by Greg Greene and CBRE Capital Market’s Debt & Structured Finance team in Dallas. It was provided by Everbank.

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