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The five-year, fixed-rate loan was used to pay off a portion of anexistin $507.1 million construction loan, with BioMed paying off the remaining balanced using an unsecured line of The new mortgage has an interest rate of 7.75 percent and is due in June 2014. Accordingt to a statement from BioMed, the new loan addresses the “lastt of BioMed’s debt maturities in The loan was providedby , and AG. arranges the loan on behalf of BioMed RealtyTrust BMR), a real estate investment trust based in San Diego, The 18-story lab and office building is locatex in the Longwood Medical and Academic Area and is leased to , , , and a Japanese pharmaceutical company.
The propertu also includes a six-level, 750-spacee underground parking garage. BioMed Realty Trustg owns or has interests in69 properties, representinvg 112 buildings with approximately 10.5 million rentable square feet, including approximately 640,000 square feet of development in
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