G.S. WILCOX & CO. SECURES $87.1M IN FINANCING FOR HEALTHCARE PORTFOLIO

MORRISTOWN, N.J. — Morristown-based G.S. Wilcox & Co. has arranged $87.1 million in financing for a healthcare portfolio in eastern Pennsylvania. The non-recourse financing was place in seven, non-crossed collateralized loans secured by nine hospital and medical buildings. The tenant, Coordinated Health, is a privately held, physician-owned, specialized hospital, network healthcare provider. The nine-building portfolio consists of 411,000 square feet. The portfolio includes Allentown Hospital and Bethlehem Hospital and seven additional buildings housing a variety of medical services, including physical therapy and rehabilitation, laboratory, orthopaedics, diagnostics, sports medicine, primary care and women’s health. David Fryer and Joe Smerdon of G.S. Wilcox & Co. handled the financing assignment. The financing, which was placed with a CMBS lender, has a 10-year term and a 30-year amortization.