MidCap Acquires $3.6B Global Corporate, CRE Loan Portfolio
ByNetwork with the nation’s top CRE dealmakers at RealShare APARTMENTS in Los Angeles on Oct 21-22,RealShare INDUSTRIAL in Atlanta on Nov 3-4, RealShare NEW LEASE WEST in Los Angeles on Nov 11-12 andRealShare HEALTHCARE REAL ESTATE in Scottsdale, AZ on Dec 2-3.
LifeHouse Health Services has received financing from MidCap. This is one of its assets.
BETHESDA, MD—Well that came out of nowhere.
Earlier this week locally-based MidCap Financial, a subsidiary of Apollo Global Management, announced it had to acquire some $3.6 billion in corporate and real estate middle market loans in the US and Europe fromMubadala GE Capital.
Mubadala GE Capital is a joint venture between Abu Dhabi state fund Mubadala and General Electric’s finance business. It is based in Abu Dhabi. This transaction is part of General Electric’s initiative to sell off most of its assets in GE Capital, including its real estate loans, announced earlier this year…
