Tuesday, July 2, 2013

HFF arranges $25.04 million acquisition financing for Class A medical property in Dallas, TX area

  
Victory Medical Center at Craig Ranch, 6045 Alma Road, McKinney, TX


DALLAS, TX – HFF announced today that it has arranged $25.04 million in acquisition financing for Victory Medical Center at Craig Ranch, a 113,375-square-foot, Class A hospital/medical office in McKinney, Texas. 

Steve Heldenfels
HFF worked exclusively on behalf of the borrower, a joint venture between Forge Realty Partners, LLC, Chief Partners and Victory Healthcare, to secure the loan through American Momentum Bank. 

Managing director Steve Heldenfels and real estate analyst Jeremy Sain led the efforts on behalf of the borrower at HFF.

Victory Medical Center at Craig Ranch is located at 6045 Alma Road just off State Highway 121 and is situated midway between the Dallas North Tollway and the Central Expressway. 

Josh Ihde
Constructed in 2009, the property consists of one building, which includes a four-bed intensive care unit, 20 private suites, seven operating rooms, three special procedure rooms and 10 medical office tenants.

“HFF did a great job working within a very compressed timeframe to identify numerous senior lenders that helped raise the funds and complete this transaction,” said Forge managing partner Josh Ihde.

“Victory Medical Center Craig Ranch is an important part of the Victory Healthcare System and we are pleased with the speed at which HFF and Forge were able to make this happen,” added Bob Helms, Victory Healthcare’s chairman and chief executive officer.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com



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