RMR facilitates $272.1 million refinancing for Cedars-Sinai Los Angeles medical office portfolio

By Public Technologies
  • RMR Group facilitated USD 272.1 million interest-only mortgage refinancing for a Cedars-Sinai medical office portfolio in Los Angeles.
  • Loan secured by two 11-story buildings at 8631 and 8635 W. Third Street, totaling about 330,000 square feet.
  • Financing carries a two-year initial term, three one-year extension options, priced at one-month Term SOFR plus 180 basis points.
  • Proceeds repaid about USD 267 million of mortgage debt due February 2027, covering remaining closing costs.
  • Diversified Healthcare Trust holds a 20% equity interest in the joint venture; Morgan Stanley and BNP Paribas provided the financing.


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