BMO Harris Launches $1B Healthcare Lending Platform, Hires Imran Javaid to Lead

by Jeff Shaw

CHICAGO — BMO Harris Bank, a lender based in Chicago, has launched a healthcare real estate lending platform, through which the company plans to loan over $1 billion in coming years.

The platform — “The Healthcare CRE Group” — will finance the development, acquisition and refinancing of medical office buildings, seniors housing communities and skilled nursing facilities throughout the United States.

Seniors housing industry veteran Imran Javaid will lead the new group. Javaid most recently built and led Capital One’s Healthcare Real Estate Group.

“There is a growing need for facilities to support our aging population, and we are very excited to be able to offer debt capital to this important and growing sector of the U.S. economy,” says John Petrovski, managing director and head of U.S. commercial real estate for BMO Harris. “By bringing Imran Javaid on board, we are adding a leader with exceptional industry expertise, one who shares our passion for providing a great customer experience.”

Based in Chicago and Washington, D.C., the new group will provide construction financing, revolving and term facilities on a single-asset or portfolio basis. The group builds off of BMO’s existing expertise in senior living facilities in BMO Capital Markets, led by Jonathan Li.

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