Earl Smith
New York, NY–Capital One announced its unitranche loan program, which focuses on the commercial and healthcare real estate sectors, has partnered with Kayne Anderson Real Estate as its co-investor. Through Structured Real Estate Capital, LLC, the program provides borrowers with first lien unitranche loans.
A unitranche loan mixes senior and junior debt pricing and terms into a single first lien debt facility rather than creating two classes of debt and coordinating among various lenders. Borrowers typically benefit from a single lending entity and blended interest rate. The also product will allow clients to quickly close financings, said Earl Smith, Head of Strategic Investments Group, Capital One Commercial Banking.
Launched in late 2016, Capital One's unitranche loan program has closed more than $1.8 billion in commitments within its cash flow leveraged finance platform.
Capital One is a provider of financial services to the commercial and healthcare real estate industries. It is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $247.2 billion in deposits and $362.9 billion in total assets as of September 30, 2018.
Kayne Anderson Real Estate is a real estate private equity firm who invests in seniors housing, medical office, off-campus student housing and self-storage.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
