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BHI Provides $10MM Revolving Line of Credit to AM West of Medipower Group

August 11, 2023, 08:00 AM
Filed Under: Real Estate

BHI announced that it has closed a $10 million revolving line of credit for AM West, a Medipower Group company. The line of credit, based on this real estate holding company’s net asset value in its 17 properties, will provide the company with flexibility to pursue new asset acquisition opportunities as well as manage its day-to-day cash flow.

A full-service commercial real estate holding firm specializing in the retail sector, AM West of Medipower Group leverages a broad range of expertise in the acquisition, redevelopment, and management of shopping centers within the U.S. The firm owns and manages a robust portfolio of retail properties, primarily comprised of open-air, well located shopping centers in high growth markets.

“We appreciate BHI and the International C&I team’s depth of market knowledge and collaborative approach to tailoring a credit line and cash management services that meet our specific financing and banking needs,” said Ron Stern, Chief Executive Officer, Medipower Group.

“BHI is proud of its standing as a market expert in providing a range of credit products to Israeli affiliated customers in the U.S.,” said Gal Defes, Senior Vice President, Head of International C&I and Tech Banking at BHI. “We look forward to further deepening our relationship with Medipower Group and supporting its growth.”

“We are pleased to work with Medipower, which has a track record of success in identifying quality properties in geographic areas that are primed for growth,” Uri Shusterman, First Vice President, Head of the International C&I Team at BHI. “This transaction exemplifies BHI’s commitment to providing clients with personalized solutions that meet their short- and long-term business needs.”

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