Bethesda, Md. (August 8, 2016) – Capital One announced today that it provided a $37.8 million adjustable-rate loan to CNL Healthcare Properties to refinance a 161-thousand-square-foot portfolio of properties comprising the North Carolina Specialty Hospital in Durham, North Carolina, and four medical office buildings in the Triangle communities of Roxboro, Oxford and Chapel Hill. The company is a repeat Capital One customer.
CNL Healthcare Properties is a non-traded real estate investment trust with a strategic focus on seniors housing and healthcare. It purchased the portfolio in June 2015. CNL Healthcare Properties is sponsored by CNL Financial Group, a leading private investment management firm.
“CNL Healthcare Properties is an experienced investor in the healthcare real estate market, and we are pleased to leverage our ongoing relationship to provide this customized financing solution to support their long-term strategic plans,” said Erik Tellefson, Managing Director of Capital One Healthcare.
Capital One Healthcare is a leading provider of financial services to the industry with over $11 billion in total outstanding balances. Customers across healthcare sectors—including seniors 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. With in-depth expertise, our team of professionals creates solutions tailored to meet the needs of our customers.
Capital One Healthcare is a part of Capital One Commercial Banking, which leverages a relationship-based banking model that seamlessly delivers an array of products and services including loans and deposit accounts, treasury management services, merchant services, investment banking, international services and correspondent banking.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $221.1 billion in deposits and $339.1 billion in total assets as of June 30, 2016. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.
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