BETHESDA, MD, September 7, 2022 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it recently closed a transaction with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). The $37,750,000 floating rate first mortgage loan facilitated the acquisition of a 223-unit (121 IL, 66 AL, 36 MC) seniors housing community. The community, which will be operated by Watermark Retirement Communities, is well-located in ChampionsGate, Florida, a high growth suburb west of Orlando. MidCap’s loan is structured with an initial funding to facilitate the purchase of the community and future funding for capital improvements. The financing was arranged by Alanna Ellis of Jones Lang LaSalle on behalf of Fortress.
About MidCap Financial
MidCap Financial is a middle-market focused, specialty finance firm that provides senior debt solutions to companies across all industries. As of December 2021, MidCap Financial provides administrative or other services for over $39.6 billion of commitments. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc, pursuant to an investment management agreement. Apollo had assets under management of approximately $497.6 billion as of December 31, 2021 in credit, private equity and real assets funds. For more information about MidCap Financial, please visit http://www.midcapfinancial.com. For more information about Apollo, please visit http://www.apollo.com.
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