
MDH Partners Acquires Two Industrial Assets with $80M Hubble Loan
Atlanta-based MDH Partners has closed a new $80 million “Hubble” loan, which was provided by accounts managed by global investment firm KKR. The Hubble Loan finances MDH’s recent acquisitions of the Knox Logistics Center and Harvill Logistics Center in California’s Inland Empire.
Both buildings are less than five years old, are 100-percent leased, and are both located in Perris, CA. The new financing also marks the first real estate credit transaction between MDH and KKR. Arun Singh led the process for MDH Partners.
“Significant financing is hard to come by in the current volatile market environment,” said MDH Partners CFO Singh. “As lenders of all types become more conservative with their capital allocation, we are fortunate to forge this new relationship with KKR. We will endeavor to build this relationship as we execute our acquisition strategy in key growth markets.”
- ◦Sale/Acquisition
- ◦Financing