Milwaukee medical office developer Landmark Healthcare Facilities this week picked up a $33.5 million mortgage by Healthcare Financial Services to build a 90,000-square-foot medical office building in Kansas City, Missouri.
Healthcare Financial Services is a division of GE Capital. That healthcare lending division is in contract to be purchased by Capital One in a $9 billion deal that is expected to close in the fourth quarter.
[Also: Capital One buys GE Capital healthcare finance unit for $9 billion]
The new building will be an extension to the Truman Medical Center, and will be used to house several outpatient services including a surgery center.
The new mortgage replaces earlier construction funding by Physicians Realty Trust, which provided the initial mezzanine financing. The project also picked up backing under Kansas City's Land Clearance for Redevelopment Authority program.
Landmark launched in 1995.
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