Capital One announced today that it has added seven senior housing properties owned by subsidiaries of Healthcare Trust, Inc. (HTI) to HTI’s Fannie Mae credit facility. This transaction brings the total facility to $216.6 million, an increase of $64.2 million. In December, Capital One also served as administrative agent and sole lender for an $82 million senior secured credit facility, providing a bridge to long-term agency financing for a portfolio of 23 senior housing assets—located in six states, primarily Michigan and Iowa—including these seven properties.
HTI is a non-traded REIT with 185 properties that focuses primarily on healthcare-related assets, including medical office buildings, senior housing facilities, and other healthcare-related facilities.
“This transaction highlights Capital One’s ability to combine balance sheet and agency financing for our healthcare clients—and to do so quickly and with the certainty of execution,” said Kristen Ahrens, Managing Director of Capital One Healthcare.
“Capital One’s healthcare team executed well for us. Capital One was able to provide a large bridge facility on a portfolio of 23 properties in just five weeks,” said Todd Jensen, Chief Executive Officer of HTI.
Capital One Healthcare is a leading provider of financial services to the industry. 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. With in-depth expertise, our team of professionals creates solutions tailored to meet the needs of our customers. Additional information can be found at capital.one/healthcare.
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 $243.7 billion in deposits and $365.7 billion in total assets as of December 31, 2017. 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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