Capital One Bridges to Agency Financing

Capital One pulled double duty for its client, Healthcare Trust (HTI), arranging more than $145 million in total financing. First, back in December, the firm served as administrative agent and sole lender for an $82 million senior secured credit facility, which provided bridge-to-agency financing for a 23-property seniors housing portfolio located in six states (primarily Michigan and Iowa) in just five weeks.

Fast forward to this month, when Capital One added seven of those properties to HTI’s existing Fannie Mae credit facility. The transaction increased the total facility by $64.2 million, to $216.6 million.

 

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