OREANDA-NEWS. Healthcare Financial Services (HFS), a GE Capital business, announced today that it has provided a first mortgage to Landmark Healthcare Facilities LLC for a new, 90,156 square foot medical office building in Kansas City, MO.  Proceeds will be used to replace construction financing and for other corporate purposes.

The new medical office building represents an expansion to Truman Medical Center’s Hospital Hill campus.  Multiple tenants lease space in the building with Truman Medical Center occupying the majority of the building for various outpatient services including an outpatient surgery center.  The project received development incentives designed to encourage investment in urban renewal areas through Kansas City’s Land Clearance for Redevelopment Authority program. 

Milwaukee, WI-based Landmark is a full-service developer of physician office buildings and clinics, ambulatory care and surgery centers, cardiac and cancer centers, imaging centers, fitness and women’s centers and laboratories. Formed in 1995, Landmark has developed more than 300 outpatient facilities.

Mark Eisenmann, Landmark’s CFO, said, “We’ve worked on over a dozen transactions with Erik Tellefson and Healthcare Financial Services since 2011.  In addition to being a reliable source of financing, they bring an in-depth understanding of the unique requirements of medical office buildings.”

Erik Tellefson, a managing director of Healthcare Financial Services, said, “It is a pleasure to work again with Landmark, a premier medical office developer, and with Physicians Realty Trust, providing the mezzanine financing, on this new facility which will quickly become a source of vital medical services and new jobs in the region.  We continue to support the Medical Office asset class and are actively lending, adding value with our healthcare expertise, structure and flexibility, on-book relationship lending and high certainty of close.”

John Thomas, President and CEO of Physicians Realty Trust said, “We are very pleased to close another transaction with Healthcare Financial Services and with Landmark.  We value these relationships and the value and expertise all parties bring to the table, and look forward to future transactions.”