BMO Harris Bank’s Healthcare Real Estate Finance group announced that it acted as the administrative agent and sole lead arranger on a $21.4MM term loan for a Joint Venture arranged by Heitman Capital Management, LLC and managed by Montecito Medical Operating Company. The BMO loan provided financing for the acquisition of a medical office building portfolio consisting of four properties.
Montecito is one of the largest firms in the United States focused entirely on medical office real estate. Montecito focuses medical office properties that are strategically located and valued from $10 million to $150 million.
Heitman served as an exclusive advisor to the principal investor, a large pension fund.
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