McKINNEY, TX-HFF has arranged $25.04 million in acquisition financing for Victory Medical Center at Craig Ranch, a 113,375-square-foot, class A hospital/medical office in McKinney.
HFF worked exclusively on behalf of the borrower, a joint venture between Forge Realty Partners, LLC, Chief Partners and Victory Healthcare, to secure the loan through American Momentum Bank. Managing director Steve Heldenfels and real estate analyst Jeremy Sain led the efforts on behalf of the borrower at HFF.
Victory Medical Center at Craig Ranch is located at 6045 Alma Road just off State Highway 121 and is situated midway between the Dallas North Tollway and the Central Expressway. Constructed in 2009, the property consists of one building, which includes a four-bed intensive care unit, 20 private suites, seven operating rooms, three special procedure rooms and 10 medical office tenants.
“HFF did a great job working within a very compressed timeframe to identify numerous senior lenders that helped raise the funds and complete this transaction,” said Forge managing partner Josh Ihde.
“Victory Medical Center Craig Ranch is an important part of the Victory Healthcare System and we are pleased with the speed at which HFF and Forge were able to make this happen,” added Bob Helms, Victory Healthcare’s chairman and chief executive officer.
Forge Realty Partners is a full-service commercial real estate firm specializing in the acquisition, development and leasing of healthcare projects throughout the country. Forge partners with physicians and healthcare providers to develop medical properties that maximize operational efficiency and deliver excellent patient care. Through the combination of medical real estate opportunities and their vast knowledge of the healthcare landscape, Forge drives value to the physician’s businesses.
Based in The Woodlands, TX, privately owned Victory Healthcare is creating the standard in surgical care through its growing network of specialized surgical hospitals, training and education centers, and the only privately held tissue bank in the state of Texas. Its surgeons are the most highly trained and respected physicians in their fields, committed to providing revolutionary technology and minimally invasive treatment techniques.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.