Just Funded
$180,500,000
LOAN AMOUNT		57% LTV
LEVERAGE		10 Years
TERM
30 Years
AMORTIZATION		Non-Recourse
RECOURSE		169
UNITS
Heartland Dental is based in Effingham, Illinois. The properties within the portfolio are scattered across 24 states.
EFFINGHAM, ILL. — CBRE | Capstone has arranged a $180.5 million CMBS loan for the refinancing of a 169-property portfolio occupied by Heartland Dental across 24 states. Shawn Givens, Chase Gambill and Ken Higgins of CBRE | Capstone arranged the fixed-rate loan on behalf of the borrowers, Professional Resource Development Inc. and WMG Development LLC. Jonathan Brumleve and Curt Frost of Professional Resource Development led the transaction on behalf of the borrowers. UBS provided the 10-year loan, which features a 30-year amortization schedule and a 57 percent loan-to-value ratio. Effingham, Ill.-based Heartland Dental provides comprehensive administrative support services for marketing, accounting and other aspects of a dentist’s business.
(Source: rebusinessonline.com)

About CBRE | Capstone
Capstone Financial is a full-service commercial real estate finance company specializing in retail, multi-family, office, self-storage, hospitality, owner-occupied, industrial, manufactured home community, ground-up development, and mixed use properties nationwide. We specialize in non-institutional debt space globally. We also offer commercial bank consulting and debt relocation, asset based lending, bridge and hard money loans. We consistently work with the top real estate investment services companies in the country and this expertise allows us to deliver an exceptional loan product and experience to our clients that is second to none. We pride ourselves in closing our transactions faster than many commercial loans where we are not involved.

CBRE | Capstone by the numbers:
 
$7 billion volume2,500+ completed transactions
5 Offices across the United States15 Professionals
DALLAS | ST. LOUIS | KANSAS CITY | CLEVELAND | INDIANAPOLIS

Share

You may also unsubscribe by calling toll-free +1 877 CBRE 330 (+1 877 227 3330).

Please consider the environment before printing this email.

CBRE respects your privacy. A copy of our Privacy Policy is available online. For California Residents, our California Privacy Notice is available here. If you have questions or concerns about our compliance with this policy, please email PrivacyAdministrator@cbre.com or write to Attn: Marketing Department, Privacy Administrator, CBRE, 200 Park Ave. 19-22 Floors, New York, NY 10166.

Address: 2100 McKinney Avenue, Suite 700 Suite 700, Dallas TX 75201

THIS IS A MARKETING COMMUNICATION

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.

All of CBRE's COVID-19 related materials have been developed with information from the World Health Organization, the Centers for Disease Control & Prevention (and similar global organizations), public health experts, industrial hygienists, and global subject matter experts across CBRE and our strategic suppliers. Our materials may not be suitable for application to all facilities or situations.

Ultimately, occupiers and landlords must make and implement their own reopening decisions for their individual stakeholders and facilities. CBRE's guidance is intended to help facilitate those discussions and expedite the implementation of those decisions once made by the client. We make no representations or warranties regarding the accuracy or completeness of these materials. CBRE cannot ensure safety and disclaims all liability arising from use of these materials.