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Capital One closes $30.5M loan for medical office building acquisition: 4 insights

McLean, Va.-based Capital One served as the administrative agent for a $30.5 million loan for a medical office building acquisition building in Grand Rapids, Mich.

Here's what you should know.

1. Kansas City, Mo.-based Carter Validus Mission Critical REIT II was the principal in the transaction.

2. Tampa, Fla.-based Carter Validus REIT Investment Management Company advised REIT II.

3. The four-story office building is 107,000 square feet and opened in 2008. The building's tenants include several medical specialists. It also has a parking deck.

4. Carter Validus' Chief Financial Officer Todd Sakow said, "We have worked closely with the Capital One team for the last several years and we look forward to continuing the strong relationship with Capital One in the future. We appreciate their expertise in healthcare properties and the certainty of execution they provide.”

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