Miami, FL – United Trust Fund (“UTF”) announced the funding of a 196,000-square-foot, to-be-built world-class orthopedic hospital in Springfield, Missouri. UTF simultaneously provided the capital for a 225,000-square-foot, to-be-built medical office building in Edmond, Oklahoma.
These two transactions were structured as forward funding build-to-suit/sale-leasebacks. This unique and creative arrangement provided Sisters of Mercy with construction financing at a very low cost, off-balance sheet treatment, and long-term, low-cost leasing in accordance with their corporate objectives.
“Not only did we close on schedule, but we were able to save Sisters of Mercy a significant amount of money. UTF’s priority in any deal is to meet or exceed the demands of our clients,” said Fred Berliner, Director of Acquisitions for United Trust Fund.
Founded in 1972, United Trust Fund is a national leader in corporate sale-leasebacks and build-to-suit projects. UTF purchases all types of real estate from public and private companies throughout the United States.
