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Capital One Closes Refi for HTI Senior Housing Portfolio

March 15, 2018, 07:01 AM
Filed Under: Real Estate

Capital One announced that it has added seven senior housing properties owned by subsidiaries of Healthcare Trust, Inc. (HTI) to HTI’s Fannie Mae credit facility. This transaction brings the total facility to $216.6 million, an increase of $64.2 million. In December, Capital One also served as administrative agent and sole lender for an $82 million senior secured credit facility, providing a bridge to long-term agency financing for a portfolio of 23 senior housing assets—located in six states, primarily Michigan and Iowa—including these seven properties. 

HTI is a non-traded REIT with 185 properties that focuses primarily on healthcare-related assets, including medical office buildings, senior housing facilities and other healthcare-related facilities.   

“This transaction highlights Capital One’s ability to combine balance sheet and agency financing for our healthcare clients—and to do so quickly and with certainty of execution,” said Kristen Ahrens, Managing Director of Capital One Healthcare. 

“Capital One’s healthcare team executed well for us.  Capital One was able to provide a large bridge facility on a portfolio of 23 properties in just five weeks,” said Todd Jensen, Chief Executive Officer of HTI.  

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