Thorofare, an affiliate of asset management platform Callodine Group, provided a floating-rate, three-year senior mortgage loan. The financing represented Thorofare Capital’s largest single financing transaction ever, according to the company.
Among the medical properties are Prosperity Medical Center I, II and III at 8501 Arlington Boulevard in Fairfax, Va., within a half mile of Inova Fairfax Hospital. The trio of buildings contain tenants such as Children’s Hospital, Fairfax Radiological Consultants and Inova Healthcare. Another property is 2440 M Street NW, a recently renovated building near George Washington University Hospital. Both facilities are managed by Gittleson Zuppas Medical Realty.
“We have fostered a relationship with Harrison Street over the years, and this transaction is the culmination of our prior collaboration and their trust in our ability to execute this multi-property, multi-state portfolio financing with a swift, reliable, and flexible approach,” Felix Gutnikov, Thorofare Capital’s principal and head of originations, said in a prepared statement.
Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.
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Read MoreAcquisition, Channel, Finance, 2440 M Street NW, 8501 Arlington Boulevard, Callodine Group, Felix Gutnikov, George Washington University Hospital, Harrison Street, Jacob Yi, Nicholas Krueger, Prosperity Medical Center, Thorofare Capital, Virginia, Washington DC, Northern Virginia Commercial Observer