Matthews Capital Markets executes $4.15M loan for San Bernardino medical office

LOS ANGELES, CA — Matthews Capital Markets (MCM) secured a $4,152,000 loan for a single-tenant medical office building located at 399 East 21st St. in San Bernardino. First VP Geoffrey Arrobio represented the borrower, San Bernardino M.O.B., LLC, whose refinancing will generate $1.2 million in cash-out proceeds after acquiring the property 18 months ago.

Located directly across from Dignity Health Community Hospital of San Bernardino, the 13,194 s/f medical office building benefits from a strategic healthcare location with strong visibility and convenient access for patients and medical professionals. The property is leased to a long-term medical tenant, providing stable cash flow and reinforcing its position as a durable healthcare investment.

The cash-out refinancing was structured with a 5.75% fixed interest rate, a 10-year term with a five-year rate reset, and a 25-year amortization schedule.

Arrobio leveraged his extensive lender relationships and market expertise to provide certainty of execution and a financing solution aligned with the borrower’s long-term investment objectives.

“This transaction involved a borrower with whom I have a long-term client relationship,” Arrobio said. “Loan proceeds were important as a portion of the cash-out proceeds will be reinvested into another medical office building in Modesto, which also has a long-term NNN lease.”