Bayport Refinances Fully-Occupied Paradise Valley Medical Offices

On behalf of Bayport PV Associated, LP, JLL’s Capital Markets experts today
announced the firm completed a $10.5 million refinancing for the Paradise Valley Medical Plaza. Principal
Real Estate Investors provided the 10-year, fixed-rate loan for the fully occupied medical office plaza,
located in Paradise Valley, Ariz.

 

JLL was able to rate lock in September with an interest rate of 3.62
percent.
Managing Director Brian Halpern and Senior Associate Alex Kane led the JLL team on the deal.
Located on the prestigious North Scottsdale Road, Paradise Valley Medical Plaza is comprised of eight
single-story medical office buildings leased to 16 tenants and anchored by an outpatient surgery center. The
property is also close to two hospitals, the Scottsdale Shea Medical Center and Scottsdale Osborn Medical
Center.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and
occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class
solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution.

In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions
globally.

 

The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the
globe.

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