$3,750,000
First Mortgage
Kennebunk Medical
Center
Kennebunk, Maine

Kennebunk Medical Center consists of an 18,793 square foot two-story office building and a 3,290 square foot single-story free-standing retail building located on two parcels totaling 3.010 acres. The property address is 61 Portland Road in Kennebunk, Maine. The office building was built in 2004, and the retail building was added in 2007. Since construction, the subject has been 100% occupied by a regional medical group practice and a satellite center for Southern Maine Medical, and Talbot’s occupies the recently constructed retail space. The center is located on the corner of Portland Road and Shape Drive, adjacent to US Rt. 1, approximately one-mile northeast of the Kennebunk CBD. The town of Kennebunk is approximately one-hour south of Portland, Maine and 30 minutes north of Portsmouth, New Hampshire.

The loan, which was subsequently sold for securitization, is a fixed-rate non-recourse mortgage with a 10-year maturity and a 30-year amortization. The first three years of the loan are interest only.