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Capview Secures Financing and Engages Banks

DALLAS—Bank of America Merrill Lynch was the sole lead arranger and bookrunner of this amended credit facility, which added Fifth Third Bank, Associated Bank and Comerica Bank.

By Lisa Brown | lisabrown | | Updated on July 05, 2016
Kevin Connelly Connelly says the expansion of its credit facility secured financing to close out the fund offering.
DALLAS— Capview Partners LLC has amended its $150 million credit facility to provide financing for its current real estate fund offering through May 2020. It also allows for the expansion of the facility up to $300 million. Kevin Connelly , CFO, Capview Partners, tells GlobeSt.com: “The advantage of completing this expansion of our credit facility was twofold; it secured debt financing to close out our current fund offering and it engaged additional banks that could be important partners in financing future fund offerings. We are very pleased to enter into these new banking relationships while building upon our existing relationship with Bank of America.” Bank of America Merrill Lynch was the sole lead arranger and bookrunner of this amended credit facility, which added Fifth Third Bank, Associated Bank and Comerica Bank to the existing credit facility for Bank of America Merrill Lynch. “We appreciate the continued support of Bank of America Merrill Lynch and the addition of Fifth Third Bank, Associated Bank and Comerica Bank, which understand Capview’s strategy in single-tenant net lease retail properties,” said J.D. Dell , managing director, investment management, Capview Partners. “This expanded facility is designed to provide sufficient capacity to close out the investment period of our current fund offering while securing relationships with banking partners who may participate in future fund offerings.” As of the closing of the amended credit facility, Capview’s latest fund owns a portfolio of 67 single-tenant net lease retail properties totaling $184.7 million by purchase price. Capview Partners LLC is a Dallas-based real estate investment and fund management firm.  

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