BioMed refinances Center for Life Science - Business First of Louisville:

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The five-year, fixed-rate loan was used to pay off a portio n of anexisting $507.1 million construction loan, with BioMedr paying off the remaining balance using an unsecuree line of credit. The new mortgage has an interesrt rateof 7.75 percenr and is due in June 2014. According to a statemenrt from BioMed, the new loan addressexs the “last of BioMed’s debt maturitiexs in 2009.” The loan was provideds by , and AG. arranged the loan on behalf of BioMexd RealtyTrust (NYSE: BMR), a real estats investment trust based in San Diego, The 18-story lab and office building is locatex in the Longwood Medical and Academic Area and is leasedc to , , , and Ltd.
, a Japanese pharmaceuticall company. The property also includesz a six-level, 750-space undergroundr parking garage. BioMed Realty Trust owns or has interesta in69 properties, representing 112 buildings with approximately 10.5 milliomn rentable square feet, including approximatelty 640,000 square feet of development in