MDH Partners has closed on $90 million in financing from Wells Fargo Bank, an expansion of an existing $93 million Discovery Loan. The new loan supports MDH’s acquisitions of the 973,218-square-foot Great Valley Commerce Center near Atlanta and the 603,389-square-foot South Belt Central Building 4 in Houston. Chris Drew and Maxx Carney of JLL Miami represented MDH Partners in the deal while Melissa Frawley and Steve Hinkle originated the loan for Wells Fargo.
The Discovery Expansion Loan is a part of MDH’s Fund II equating to $750 million equity with buying power up to $2 billion. Fund II was raised within two months setting records when it originally closed April 2021 before being upsized from its original amount at $575 million by October 2022. 80% invested across dozens industrial acquisitions and developments throughout America makes this fund one for success stories!
This news story highlights yet another example that demonstrates how successful investments can be made quickly with proper planning – something that all investors should consider!
