Thorofare Capital Issues $125.9M Loan For Medical Office Portfolio In Washington, D.C

A $125.9 million loan has been issued by Thorofare Capital Inc., an affiliate of asset management platform Callodine Group LLC, for a medical office portfolio in the greater Washington, D.C. area. The portfolio is comprised of a 705,000 square foot medical office located at 2440 M Street Northwest. The loan has a term of three years and carries a floating interest rate.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $125,900,000
• Address: 2440 M Street Northwest, Washington, DC
• Market: Washington, DC
• Lender: Kevin H. Miller - Thorofare Capital
• Landlord: Christopher Merrill - Harrison Street
• Brokers: Ben Appel, Jay Miele, John Nero & Michael (Mike) Greeley - Newmark

The loan transaction involves several key individuals and companies. Kevin H. Miller from Thorofare Capital serves as the lender, while Christopher Merrill represents the landlord, Harrison Street. The brokers involved in the deal are Ben Appel, Jay Miele, John Nero, and Michael Greeley from Newmark. This loan provides financing for the acquisition of the medical office portfolio in the Washington, D.C. area.