Feb
05
Capital One Leads Half-Billion Loan for Starwood’s MOB Deal
ByThe acquisition involves a portfolio of 34 stabilized properties spanning a dozen states.
Greenwich, Conn.—Starwood Property Trust Inc. grabbed a big piece of the medical office building pie—a 1.9 million-square-foot piece—and Capital One helped the REIT seal the deal. Capital One acted as lead arranger and bookrunner for a $534.9 million loan to fund Starwood’s acquisition of a 34-property MOB portfolio spanning a dozen states.
“The Capital One team delivered timely financing on this complex transaction—closing in a little more than 60 days from signing of the term sheet,” Erik Tellefson, managing director of Capital One Healthcare, said in a prepared statement. It was a big deal, but Capital One was working with solid sponsorship, as well a highly desirable group of assets…
