CHEVY CHASE, MD-In one of its largest financing for 2013 to date, GE Capital, Healthcare Financial Services is providing $89 million in senior secured financing to MB Real Estate, which is based in Chicago. The company will be using the financing to acquire a medical office building in Atlanta. MB Real Estate has secured debt financing from GE Capital in the past. As for this particular asset type, GE Capital, Healthcare Financial Services has done about 60 such financings since 2011, according to a prepared statement by Jim Seymour, senior managing director of healthcare real estate at the firm. "We are an active lender and continue to seek opportunities to help borrowers execute on their acquisition objectives."
The eight-story medical office building MB is acquiring has been recognized by Building Owners and Managers Association International (BOMA) as the 2012 Best International Medical Office Building of the Year. It serves as the headquarters for Piedmont Healthcare, a five hospital healthcare system that has been serving Georgia for more than 100 years.
GE Capital, Healthcare Financial Services has announced a handful of transactions this year; the most ambitious came in January 2013 when it served as administrative agent on a $400 million asset-based revolving credit facility, and as syndication agent on a $325 million cash flow term loan credit facility, for Genesis HealthCare. Genesis used the funding to acquire of Sun Healthcare Group, Inc.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.