BG Capital Secures $11M Recapitalization Loan For Medical Office At 3905 Ford Road

The property asset involved in the transaction is a medical office building located at 3905 Ford Road in Philadelphia. The asset encompasses 164,111 square feet and is part of a recent development initiative. The transaction involved a loan amount of $11,000,000 for recapitalization purposes.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,000,000
• Lender: Michael Doty - Nuveen Green Capital
• Landlord: BG Capital
• Landlord's Representative: Tyler Huffman - BG Capital
• Loan Type: Recapitalization

The financing for this project was managed by the Philadelphia Energy Authority, which oversees the Philadelphia Commercial Property Assessed Clean Energy program. This program facilitated BG Capital in securing the necessary funds for their medical office building development.