BMO Harris Healthcare Real Estate Finance acts as Administrative Agent and Sole Lead Arranger of $13.2 Million Credit Facility for a Joint Venture advised by Heitman and managed by Montecito Medical Operating Company.
BMO Harris Bank’s Healthcare Real Estate Finance group announced that it acted as the administrative agent and sole lead arranger on a $13.2MM term loan for a Joint Venture arranged by Heitman, LLC and managed by Montecito Medical Operating Company. The BMO loan provided financing for the acquisition of two medical office buildings is located in Salem, OR and Covington, GA.
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 at $10 million to $150 million. Heitman is a global real estate investment management firm with $38.9 billion in assets under management.
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