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News Release: Deal Announcement (CRE) | BMO acts as Administrative Agent and Sole Lender of Credit Facility in excess of $14 Million

BMO Harris Healthcare Real Estate Finance acts as Administrative Agent and Sole Lender of Credit Facility in excess of $14 Million for a Joint Venture advised by Heitman and managed by Montecito Medical Acquisition Company.

BMO Harris Bank’s Healthcare Real Estate Finance group announced that it acted as the administrative agent and sole lender on a term loan in excess of $14MM for a Joint Venture arranged by Heitman, LLC and managed by Montecito Medical Acquisition Company. The BMO loan provided financing for the acquisition of a medical office building and ASC located in Leland, NC.

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 is a global real estate investment management firm with $42.5 billion in assets under management

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