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MDH Partners closed on $90 million in financing from Wells Fargo Bank, expanding an existing $93 million Discovery Loan, in part to acquire the Great Valley Commerce Center near Atlanta

MDH Secures $90M Discovery Expansion Loan from Wells Fargo

MDH Partners closed on $90 million in financing from Wells Fargo Bank, expanding an existing $93 million Discovery Loan. The new loan supports MDH’s acquisitions of the Great Valley Commerce Center near Atlanta and the South Belt Central Building 4 in Houston. 

Chris Drew and Maxx Carney of JLL Miami represented MDH Partners in the deal. Melissa Frawley and Steve Hinkle of Wells Fargo originated the loan for MDH Partners.

“Despite turbulence in the broader capital markets, JLL is still finding attractive financing solutions for best in class sponsors such as MDH, who are acquiring and developing in major markets with strong fundamentals,” said Drew. 

According to JLL’s Q1 Industrial Outlook report, leasing data indicates volume dropped 16.3 percent from Q4 2024. Vacancy rates have increased 40 basis points from the prior quarter to 3.8 percent. Absorption in the first quarter posted a 47-percent year-over-year decline.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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