Dealmaker: Bandon Capital Advisors Secures Two Refinancing Transactions Near SoFi Stadium

(The medical office property, courtesy Bandon Capital Advisors)

Bandon Capital Advisors, Los Angeles, announced it arranged two refinancing transactions totaling $24.55 million for properties in Inglewood, Calif., across from the new NFL SoFi Stadium.

One property is a single-tenant medical office and parking lot with $12 million in refinancing. Bandon arranged a loan featuring a three-year fixed rate term, 30-year term and amortization and an 85-day rate lock at application, with no possibility of a maturity default in the future.

The other property is a single-tenant industrial building and parking lot with $12.55 million in refinancing. Bandon said its relationships with life company lending partners made it possible to rate-lock the client’s application for 85 days and close the deal with favorable terms with rate resets every three years giving owner prepay flexibility every three years throughout loan term.

The firm continues to see demand for financing well-located industrial and medical office properties in Los Angeles, said Bryan Kenny, Co-Founder and President at Bandon Capital Advisors.