BMO Harris Healthcare Real Estate Finance acts as Administrative Agent and Sole Lead Arranger with the add-on of a $6MM term loan to an cumulative $18MM 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 $6MM 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 a medical office building in located in Durham, NC.
Montecito is one of the largest firms in the United States focused entirely on medical office real estate. Montecito concentrates on medical office properties that are strategically located and valued from $10 million to $150 million.
Heitman is a global real estate investment management firm with over $40 billion in assets under management.
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