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Regent Medical Properties borrowed $16 million to buy a 20,803-square-foot redevelopment site in Flushing, NY.

Regent plans to tear down the low-rise building on the site and create a 12-story medical office building, including an ambulatory surgery center and street-level commercial space.

The loan is “evidence of Case’s expertise in funding complex and uniquely situational transactions in all facets of commercial real estate,” said Sanford Herrick, founder and managing principal of Case Real Estate Capital, which provided the financing.

The site is near new public transportation, and right next to a high-profile redevelopment project that will transform a landmark theatre.

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