CHURCHILL COMMERCIAL CAPITAL ARRANGES DEBT FOR TWO MEDICAL OFFICE BUILDINGS

Churchill Commercial Capital, Inc. has arranged $10.15 million in two separate loans on two medical office buildings, both located in Metro Phoenix.

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A $3,000,000 loan was closed on Thunderbird Professional Centre, located in Peoria, AZ.  The 10 year, fixed rate, non-recourse loan was provided by a life company for an experienced sponsor with whom Churchill has closed several loans.

 

Tom Ryan represented the borrower in securing maximum loan proceeds, structure and attractive terms with a competitive interest rate.

 

A $7,150,000 million loan was closed on the Thunderbird Palms Medical Plaza, located across the street from the Banner Thunderbird Medical Center in Glendale, AZ.  Tom Ryan arranged the acquisition financing with a 7 year, non-recourse loan with a sub 4% interest rate. The loan was secured by five medical office buildings within the eight building medical park.

 

Churchill Commercial Capital is an Arizona based commercial mortgage banker actively arranging permanent & bridge loans and joint venture equity for commercial and multifamily properties.  Established in 1994, Churchill’s lending relationships include major life insurance companies, multifamily agency lenders, specialty finance companies who make bridge loans, investment banks originating loans destined for securitization, and select banks making portfolio loans.  Churchill locally services loans on behalf of its correspondent lenders.

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