facebook
Traded Co logo
Submit
Daily limit: 0/10

Thorofare Capital Secures $125.9M Financing For Greater Washington, D.C. Medical Office Portfolio

Property Image
FINANCED
$125,900,000
Jay Miele
Ben Appel
+ 1

Washington

See Similar Deals
Medical Office705,000 SF
Financed 11/21/2023
the dealplayerscompscontact
Property Image
FINANCED

Thorofare Capital Secures $125.9M Financing For Greater Washington, D.C. Medical Office Portfolio

Medical Office705,000 SF
Financed 11/21/2023
Jay Miele
Ben Appel
+ 1
Contact now

Summary

Asset Type:Medical Office
Price Per Square Foot:$178
Total Square Footage:705,000 SF
Transaction Type:Loan

Thorofare Capital, affiliated with Callodine Group, has successfully secured a $125.9 million financing deal for a portfolio of eight clinical medical facilities spanning over 705,000 square feet across Greater Washington, D.C., and nearby submarkets. The medical office portfolio is located in the Greater Washington, D.C. market and comprises various medical office properties.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $125,900,000
  • Address: Medical Office Portfolio
  • Market: Greater Washington, D.C
  • Square Footage: 705,000 SF

The financing for this transaction was provided by Felix Gutnikov, Jacob Yi, and Nicholas Krueger from Thorofare Capital. They successfully arranged a three-year floating-rate mortgage loan for the medical office portfolio. Newmark, represented by Ben Appel, Jay Miele, John Nero, and Michael (Mike) Greeley, served as the broker in this deal.

Players

Michael (Mike) Greeley
19 deals$833M volume
BROKER

Jay Miele
Newmark
9 deals$663.8M volume
BROKER

John Nero
Newmark
7 deals$555.8M volume
BROKER

Ben Appel
Newmark
10 deals$773.4M volume
BROKER

Thorofare Capital
LENDER

Details

FINANCED
IMAGE: Ben Appel, Jay Miele, John Nero & Michael (Mike) Greeley DATE: 11/21/2023 ADDRESS: Medical Office Portfolio MARKET: Greater Washington, D.C ASSET TYPE: Medical Office ~ SF: 705,000 LENDER: Felix Gutnikov & Jacob Yi & Nicholas Krueger - Thorofare Capital BROKERS: Ben Appel, Jay Miele, John Nero & Michael (Mike) Greeley - Newmark LOAN AMOUNT: $125,900,000 LOAN TERMS: Three-year floating-rate mortgage loan NOTE: Thorofare Capital, affiliated with Callodine Group, has successfully secured a $125.9 million financing deal for eight clinical medical facilities spanning over 705,000 square feet across Greater Washington, D.C., and nearby submarkets.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$125,900,000.00

Monthly NOI$839,333.33
Monthly Debt Service$795,773.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00