Mesirow arranges financing for new U.S. Department of Veterans Affairs Clinic in Commonwealth of Puerto Rico

  • $76MM construction-to-permanent loan transaction represents one of the largest credit tenant lease transactions on the island over past two years

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Chicago
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April 18, 2019

Mesirow announced that it has successfully structured and arranged Credit Tenant Lease ("CTL") construction-to-permanent financing in the amount of approximately $76,777,000 for the development of a soon to-be-built U.S. Department of Veterans Affairs clinic in the Commonwealth of Puerto Rico.

The U.S. Department of Veterans Affairs engaged in a public-private partnership ("P3") with local developer, AJM Management LLC ("AJM"), a division of Arbona Group, to deliver what will be a 134,000 square foot build-to-suit outpatient medical clinic. Upon completion, the facility will be located on a 22-acre parcel of land in Ponce, Puerto Rico. RiskOne Group ("RiskOne") served as an advisor to AJM on the transaction and assisted with the government application, selection and financing process.

Joaquin Arbona, president of AJM, commented on the transaction, "At Arbona Group we take pride in what we do, and we are delighted to be able to work with such an adept group of professionals."

"We were honored to have participated in this P3 transaction with the U.S. Department of Veterans Affairs, AJM and RiskOne," saidĀ Andrew Minkus, managing director of Mesirow CTL Finance and Structured Debt Products.

David Fishler, senior vice president of Mesirow CTL and Structured Debt Products added, "Once construction on this project is complete, local veterans will have the benefit of a newly built, state-of- the-art clinic. We are proud to be responsible for delivering this facility and the quality care it will provide to veterans who have bravely served our country."

"This transaction signifies the strength of our CTL Finance and Structured Debt Products business and Mesirow's growing government infrastructure initiative," saidĀ Stephen Jacobson, senior managing director and head of Mesirow CTL Finance and Structured Debt Products .

Mesirow Credit Tenant Lease Finance and Structured Debt ProductsĀ offers clients seeking high leverage, credit-backed financing a unique suite of services including potential access to Mesirow's balance sheet in order to enhance execution certainty with a variety of structured debt and mezzanine solutions.

About Arbona Group/AJM Management LLC
Arbona Group, founded in 1979, is composed of several legal entities, each one with a special purpose, with a solid trajectory in the development and management of industrial and commercial properties in Puerto Rico. AJM Management LLC is a division of the Arbona Group. To learn more, please visitĀ empresasarbona.com.

About RiskOne Group
RiskOne Group is a multidisciplinary firm with services in Insurance & Risk Management, Health & Benefits, Commercial Real Estate and Human Resources Consulting. RiskOne's boutique approach allows its customers to enjoy the personalized attention and detailed oriented services of a small firm. Each of RiskOne's partners has over 20 years of experience in their respective fields with local/national, as well as international resources through its affiliated partners. To learn more, please visitĀ riskonegroup.com.

About Mesirow

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture.

Mesirow has been named one of the Best Places to Work in Chicago by Crain’s Chicago Business multiple times and is one of Barron’s Top 100 RIA firms. To learn more, visit mesirow.com, follow us on LinkedIn and subscribe to Spark, our quarterly newsletter.

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Any offer can only be made to accredited investors and through the appropriate Offering Memorandum. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. c 2019. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. Ā© 2026. All rights reserved.