June 25th, 2013

Lim Ruger Closes $60 Million Loan For Acquisition of UCLA Medical Office Building

Lim Ruger served as local counsel in connection with acquisition financing for an East Coast purchaser of a medical office building (“MOB”) in Santa Monica.  UCLA will continue to be the sole tenant of the MOB.  Because the deal was highly leveraged, the loan terms were a key driver for the transaction.  Lim Ruger attorneys John Lim and Marc Manason helped the client to eliminate or scale back burdensome lender requirements regarding lease enforceability.

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