Keystone Mortgage Corporation Announces $24,500,000 Construction-to-Permanent Financing of 39,000 Square Foot, Southern California Medical Office Building

ORANGE COUNTY, Calif., Nov. 7, 2017 /PRNewswire/ -- Keystone Mortgage Corporation, nationally recognized as a highly trusted advisor for commercial real estate financing solutions for commercial real estate investors, announces the $24,500,000 construction-to-permanent financing of a credit single-tenant, state-of-the-art, 39,000 square foot medical office building located in the Inland Empire, Southern California.

The Keystone team, led by Vice President James Ruiz, worked on behalf of a local developer to secure a 98% Loan-To-Cost, fixed rate construction loan that upon completion will convert into a 10-year, non-recourse loan.  The loan was procured through an institutional pension fund and will be serviced by Keystone. The loan accommodated the tenant's purchase option and waived the prepay should the tenant exercise its option.

Given equity constraints facing traditional bank construction lenders, Keystone was pleased to identify and negotiate a maximum leverage financing option with a fixed rate and term conversion. "This is an example of our firm's deep capital market knowledge pairing with a trusted capital provider for a highly successful execution," stated James Ruiz. "Keystone's bread and butter is providing life insurance company financing, and that includes construction, construction-to-perm, Mezzanine, Bridge and JV equity financing.  When our clients have specific needs, we deliver."

About Keystone Mortgage Corporation

Founded in 1957, Keystone Mortgage Corporation has an established reputation for unparalleled client service and certainty of execution. The company's extensive correspondent lender network encompasses the premiere commercial real estate lending institutions in the Nation. Keystone specializes in providing financing secured by virtually all income producing assets and has been nationally recognized by its correspondent relationships as a top-tier mortgage banking firm. For more information, please visit www.keystonemortgagecorp.com.

Contact:
James Ruiz
Vice President 
949-540-9951
[email protected]

Lori Wendel
Corporate Communications 
949-540-9954
[email protected]

SOURCE Keystone Mortgage Corporation

Related Links

http://www.keystonemortgagecorp.com