A medical office facility in Torrance has received $28 million.

San Francisco-based independent commercial mortgage banking firm Gantry Inc. secured the permanent loan to refinance the Torrance Memorial Lundquist-Lurie Cardiovascular Center located at 2841 Lomita Blvd.

“Medical office remains one of the most desirable asset types for our insurance correspondents because of its strong demand fundamentals,” George Mitsanas, a principal at Gantry’s Los Angeles office, said. “Gantry has successfully secured billions in financing for a range of these property types, from private medical offices to significant CTL (credit tenant) leases for VA (veteran affairs) and other government facilities.”

Mitsanas worked alongside Gantry’s principal Braden Turnbull and associate Alicia Sabanero to secure the financing on behalf of the borrower, an undisclosed private real estate company.

The three-story, 65,000-square-foot Torrance Memorial Lundquist-Lurie Cardiovascular Center was 100% leased at the time of financing. 

The building is used by physicians and technicians providing outpatient services on behalf of Torrance Memorial Medical Center, a full-service Cedars Sinai-affiliated hospital.

“Our sponsor client has a long-term lease in place with a subsidiary of one of the top hospital operators in the nation, which allows us to shop this loan with several of Gantry’s insurance correspondents, ultimately resulting in a loan that maximized both leverage and proceeds for a superior asset,” Mitsanas said.