Capital One announced that it provided a $37.8 million adjustable-rate loan to CNL Healthcare Properties to refinance a 161-thousand-square-foot portfolio of properties comprising the North Carolina Specialty Hospital in Durham, North Carolina, and four medical office buildings in the Triangle communities of Roxboro, Oxford and Chapel Hill. The company is a repeat Capital One customer.
 
CNL Healthcare Properties is a non-traded real estate investment trust with a strategic focus on seniors housing and healthcare. It purchased the portfolio in June 2015. CNL Healthcare Properties is sponsored by CNL Financial Group, a leading private investment management firm.
 
“CNL Healthcare Properties is an experienced investor in the healthcare real estate market, and we are pleased to leverage our ongoing relationship to provide this customized financing solution to support their long-term strategic plans,” said Erik Tellefson, Managing Director of Capital One Healthcare.
 
Capital One Healthcare is a leading provider of financial services to the industry with over $11 billion in total outstanding balances. Customers across healthcare sectors—including seniors housing, healthcare services, pharmaceuticals, medical devices, healthcare IT and medical offices—rely on Capital One Healthcare to finance acquisitions, refinance existing debt, support working capital needs and fund growth initiatives.