10A — July 15 - 28, 2016 — Financial Digest — M id A tlantic
Real Estate Journal
www.marejournal.com
F inancial D igest
G.S. Wilcox &Co. arranges $24 million first mortgage
Capital One Healthcare’s McMahon originates transactions Capital One closes $28m loan for acquisition of portfolio R eastern half of the United States. tra buildings will make an outstanding addition to the Charter portfolio.”
OCKLE I GH , NJ — Capital One has closed a $28 million loan to support the acquisi- tion of a medical office build- ing portfolio consisting of a 139,000 s/f laboratory building and a 68,000 s/f office build- ing located in Rockleigh. The purchaser, Charter Realty Group . Vice president Jim McMahon of Capital One Healthcare originated the transactions. The buildings are leased to Spectra Laboratories. The site serves as Spectra’s mission- critical testing facility for the
“We are pleased to support Charter in the acquisition of this desirable portfolio of re- cently modernized testing and laboratory facilities in a prime Bergen County location,” said Erik Tellefson, Capital One Healthcare managing director. “We benefited greatly from Capital One Healthcare’s knowledge of the medical of- fice building market and its expertise in structuring the financing for this acquisition,” said Arnold Porath, Charter’s founder and CEO. “The Spec-
Capital One Healthcare is a provider of financial services to the industry with over $11 billion in total outstanding balances. Customers across healthcare sectors—including senior housing, healthcare services, pharmaceuticals, medical devices, healthcare IT and medical offices—rely on Capital One Healthcare to finance acquisitions, refinance existing debt, support working capital needs and fund growth initiatives. n
S. Wilcox &Co.’s correspondent lenders. The three hotels in the portfolio are: an 88 room Hampton Inn & Suites and a 102 room Hilton Garden Inn located in Alabama; as well as a 112 room Hilton Garden Inn located in North Carolina. The non-recourse loan has a seven year fixed rate term, with a 25 year amortization period. n Colliers Capital Markets team arranges $19.6m in financing WARNER ROBINS, GA — The Colliers Philadel- phia Capital Markets team led by John Banas and
MORRISTOWN, NJ — G.S. Wilcox & Co. announced that Gretchen Wilcox , president, and Al Raymond , principal of G.S. Wilcox & Co have ar- ranged a $24 million first mort- gage for three hotels located in Alabama and North Carolina. The loan was placed with the Minnesota Life Insurance Company which is one of G.
The lending team dedicated to making it happen. At Regal Bank, we specialize inmulti-family lending. In addition to loans up to $6million, we also offer low interest rates, quick approval processes, and non-recourse loans. Count on our team of experts to treat you with the care of a customer and the vested interest of a partner, every step of the way.
Kris Wood a r r a n g e d $19.6 mi l - l i on in f i - n a n c i n g for the ac- quisition of Sandp i per Apartments, a 530-unit multifamily apartment complex in Warner Rob- ins. The team secured the f i n a n c i n g f o r a 3 0 - year loan at
John Banas
Kris Wood
an interest rate of LIBOR + 2.44%. “This was an exist- ing client venturing into a newmarket,” said Banas. “It represented a great, stable opportunity with significant value add.” In addition, the Philadel- phia Capital Markets team also arranged a joint venture equity partner to co-invest with the sponsor. “We were able to arrange a new partnership based on our team’s recognition of the two groups alignment of in- terests,” said Wood. “We look forward to the new venture working together on many future opportunities.” Colliers International Group Inc. is a global real estate services company with more than 16,000 skilled professionals operating in 66 countries. n
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