{"id":1004131289,"date":"2015-11-12T02:52:37","date_gmt":"2015-11-12T10:52:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004131289"},"modified":"2021-05-14T20:07:32","modified_gmt":"2021-05-15T04:07:32","slug":"hfs-provides-33-5m-mortgage-for-medical-office-complex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hfs-provides-33-5m-mortgage-for-medical-office-complex\/","title":{"rendered":"HFS Provides $33.5M Mortgage for Medical Office Complex"},"content":{"rendered":"<p><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p>Healthcare Financial Services (HFS) has provided a $33.5 million mortgage to <a href=\"https:\/\/www.landmarkleadership.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Landmark Healthcare Facilities<\/a> for a new Kansas City medical office complex. Proceeds will be used to replace construction financing and for other corporate needs.<\/p>\n<div id=\"attachment_1004131348\" style=\"width: 275px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Truman-Medical-Center-Hospital-Hill.jpeg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004131348\" data-attachment-id=\"1004131348\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hfs-provides-33-5m-mortgage-for-medical-office-complex\/truman-medical-center-hospital-hill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Truman-Medical-Center-Hospital-Hill.jpeg\" data-orig-size=\"1920,1279\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Truman Medical Center &#8211; Hospital Hill\" data-image-description=\"&lt;p&gt;Truman Medical Center &#8211; Hospital Hill&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Truman Medical Center &#8211; Hospital Hill, Kansas City&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Truman-Medical-Center-Hospital-Hill.jpeg?w=1024\" loading=\"lazy\" class=\"wp-image-1004131348\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Truman-Medical-Center-Hospital-Hill.jpeg\" alt=\"Truman Medical Center - Hospital Hill\" width=\"265\" height=\"177\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Truman-Medical-Center-Hospital-Hill.jpeg 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Truman-Medical-Center-Hospital-Hill.jpeg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Truman-Medical-Center-Hospital-Hill.jpeg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Truman-Medical-Center-Hospital-Hill.jpeg?resize=1024,682 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Truman-Medical-Center-Hospital-Hill.jpeg?resize=1536,1023 1536w\" sizes=\"auto, (max-width: 265px) 100vw, 265px\" \/><\/a><p id=\"caption-attachment-1004131348\" class=\"wp-caption-text\">Truman Medical Center &#8211; Hospital Hill in Kansas City<\/p><\/div>\n<p>\u201cIt is a pleasure to work again with Landmark, a premier medical office developer, and with <a href=\"https:\/\/www.docreit.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Physicians Realty Trust<\/a>, providing the mezzanine financing, on this new facility which will quickly become a source of vital medical services and new jobs in the region. We continue to support the Medical Office asset class and are actively lending, adding value with our healthcare expertise, structure and flexibility, on-book relationship lending and high certainty of close,\u201d Erik Rellefson, managing director of <a href=\"https:\/\/www.hfsllc.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Healthcare Financial Services<\/a>, said in prepared remarks.<\/p>\n<p>The new medical office building represents a 90,156-square-foot expansion to Truman Medical Center\u2019s Hospital Hill campus at <span class=\"_Xbe\">2301 Holmes St<\/span>. The project received development incentives designed to encourage investment in urban renewal areas through Kansas City\u2019s Land Clearance for Redevelopment Authority program.<\/p>\n<p>\u201cWe\u2019ve worked on over a dozen transactions with Erik Tellefson and Healthcare Financial Services since 2011. In addition to being a reliable source of financing, they bring an in-depth understanding of the unique requirements of medical office buildings,\u201d added Mark Eisenmann, Landmark\u2019s CFO.<\/p>\n<p>Landmark of Milwaukee is a full-service developer of physician office buildings and clinics, ambulatory care and surgery centers, cardiac and cancer centers, imaging centers, fitness and women\u2019s centers, and laboratories.<\/p>\n<p>\u201cWe are very pleased to close another transaction with Healthcare Financial Services and with Landmark. We value these relationships and the value and expertise all parties bring to the table, and look forward to future transactions,\u201d said John Thomas, president &amp; CEO of Physicians Realty Trust.<\/p>\n<p><em>Photo credits: Voidxor via Wikipedia<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Healthcare Financial Services provided a first mortgage to Landmark Healthcare Facilities LLC.<\/p>\n","protected":false},"author":237,"featured_media":1004131348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1592,21754,21742],"tags":[],"class_list":["post-1004131289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-kansas-city","category-medical-office","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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