BHI Provides AM West of Medipower Group a $10 Million Revolving Line of Credit
August 10, 2023
Source: BHI
NEW YORK, August 10, 2023 – BHI, a full-service commercial bank, announced that it has closed a $10 million revolving line of credit for AM West, a Medipower (TASE:MDPR) Group company. The line of credit, based on this real estate holding company’s net asset value in its 17 properties, will provide the company with flexibility to pursue new asset acquisition opportunities as well as manage its day-to-day cash flow.
A full-service commercial real estate holding firm specializing in the retail sector, AM West of Medipower Group leverages a broad range of expertise in the acquisition, redevelopment, and management of shopping centers within the U.S. The firm owns and manages a robust portfolio of retail properties, primarily comprised of open-air, well located shopping centers in high growth markets.
“We appreciate BHI and the International C&I team’s depth of market knowledge and collaborative approach to tailoring a credit line and cash management services that meet our specific financing and banking needs,” said Ron Stern, Chief Executive Officer, Medipower Group.
“BHI is proud of its standing as a market expert in providing a range of credit products to Israeli affiliated customers in the U.S.,” said Gal Defes, Senior Vice President, Head of International C&I and Tech Banking at BHI. “We look forward to further deepening our relationship with Medipower Group and supporting its growth.”
“We are pleased to work with Medipower, which has a track record of success in identifying quality properties in geographic areas that are primed for growth,” Uri Shusterman, First Vice President, Head of the International C&I Team at BHI. “This transaction exemplifies BHI’s commitment to providing clients with personalized solutions that meet their short- and long-term business needs.”
About BHI
BHI, the U.S division of Bank Hapoalim, Israel's leading financial institution, provides commercial banking solutions to middle market clients in sectors including commercial real estate; general, domestic and Israeli C&I; private equity; food and beverage; apparel; healthcare; corporate banking; and high-tech. In addition to its New York headquarters, the bank operates U.S. Representative Offices in Woodcliff Lake, New Jersey; Miami, Florida; and Los Angeles, California. For more information, visit www.bhiusa.com.
A full-service commercial real estate holding firm specializing in the retail sector, AM West of Medipower Group leverages a broad range of expertise in the acquisition, redevelopment, and management of shopping centers within the U.S. The firm owns and manages a robust portfolio of retail properties, primarily comprised of open-air, well located shopping centers in high growth markets.
“We appreciate BHI and the International C&I team’s depth of market knowledge and collaborative approach to tailoring a credit line and cash management services that meet our specific financing and banking needs,” said Ron Stern, Chief Executive Officer, Medipower Group.
“BHI is proud of its standing as a market expert in providing a range of credit products to Israeli affiliated customers in the U.S.,” said Gal Defes, Senior Vice President, Head of International C&I and Tech Banking at BHI. “We look forward to further deepening our relationship with Medipower Group and supporting its growth.”
“We are pleased to work with Medipower, which has a track record of success in identifying quality properties in geographic areas that are primed for growth,” Uri Shusterman, First Vice President, Head of the International C&I Team at BHI. “This transaction exemplifies BHI’s commitment to providing clients with personalized solutions that meet their short- and long-term business needs.”
About BHI
BHI, the U.S division of Bank Hapoalim, Israel's leading financial institution, provides commercial banking solutions to middle market clients in sectors including commercial real estate; general, domestic and Israeli C&I; private equity; food and beverage; apparel; healthcare; corporate banking; and high-tech. In addition to its New York headquarters, the bank operates U.S. Representative Offices in Woodcliff Lake, New Jersey; Miami, Florida; and Los Angeles, California. For more information, visit www.bhiusa.com.
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