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Healthcare Trust takes $64M advance on master credit facility

Healthcare Trust Inc. incurred about $64.2 million in aggregate additional debt under its existing Fannie Mae master credit facility, bringing the outstanding amount to roughly $216.7 million.

The advance is due Nov. 1, 2026, and carries an interest rate equal to one-month London Interbank Offered Rate plus a 2.32% margin. Simultaneously with the advance, the company added seven properties to the collateral pool securing the facility.

The healthcare real estate investment trust used the $61.7 million net proceeds from the advance to partially prepay a bridge loan, which now has an outstanding amount of about $20.3 million.

Capital One Multifamily Finance LLC is the lender under the master credit facility. An affiliate of Capital One was the administrative agent and lender under the bridge loan.