FOR IMMEDIATE RELEASE
The property was purpose-built for Tampa General Hospital, the primary tenant and one of the largest hospital systems in Florida. (Photo courtesy of Landmark Healthcare)
Bethesda, Md. (August 24, 2017) – Capital One announced today that it provided a $28.4 million loan to refinance construction debt on a 122,000 square-foot, off-campus medical office building in Brandon, Fla. This is the 12th transaction that Capital One has closed with the borrower, Landmark Healthcare. Based in Milwaukee, Landmark is one of the largest developers and owners of medical office buildings in the United States. It has developed more than 300 medical office buildings.
“Because of Landmark’s exceptional track record, and our longstanding relationship, we were able to provide a flexible structure that met their business plan for the asset,” said Erik Tellefson, Managing Director, Capital One Healthcare.
The property was purpose-built for Tampa General Hospital, the primary tenant and one of the largest hospital systems in Florida. The facility includes an emergency center, ambulatory surgery center, diagnostic imaging services, physician offices, laboratory services and a retail pharmacy.
“We have worked with the Capital One team on a number of transactions and continually rely on their deep industry expertise and understanding of our business plan,” said Mark Eisenmann, Landmark’s Chief Financial Officer. “We know we can depend on them for responsive, reliable execution.”
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.
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 $241.2 billion in deposits and $348.5 billion in total assets as of March 31, 2017. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services 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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