Thorofare Capital provides $125.9m senior mortgage loan for Mid-Atlantic medical facility portfolio
Thorofare Capital, an affiliate of asset management platform Callodine Group, has closed $125.9 million in financing for eight class A clinical medical facilities totaling more than 705,000 square feet located in the greater Washington, D.C., capital region and surrounding submarkets.
Thorofare provided a floating-rate, three-year mortgage loan, its largest single financing transaction ever, secured by the collection of institutional-quality medical buildings, to a Harrison Street investment vehicle.
The portfolio is composed of assets with stable investment fundamentals, and the properties are all located in primary markets with strong demand for healthcare services. A significant portion of the portfolio is located on or adjacent to leading hospital campuses within these markets.