Webster Bank Provides KIRCO with Five-Year Refinancing Loan for Henry Ford Macomb Medical Pavilion

Webster Bank’s Healthcare Commercial Real Estate team refinanced a commercial real estate mortgage for a 100% leased class-A asset in Macomb County, Michigan, fueling the growth of the company’s portfolio. “We are pleased to partner with the healthcare team at Webster who seamlessly executed a competitive permanent debt solution in a challenging credit market. This pivotal refinance was not only critical for The Henry Ford Macomb Medical Pavilion’s success, but also represents the foundation of a great relationship between KIRCO and Webster Bank,” said Dean Kiriluk, Chief Investment Officer at KIRCO.

Third-generation family owned and operated, KIRCO is an award-winning commercial real estate development, construction (KIRCO MANIX), and property management organization with a well-established legacy of excellence and industry leadership. Since 1974, the company has planned and developed over 30 million square feet and is recognized for its expertise in Corporate Real Estate, including Office, Lab/R&D, and Advanced Manufacturing, Healthcare, and Senior Living.

KIRCO tapped into Webster Bank’s team of healthcare industry experts for the deep subject matter expertise, guidance, and creative financing solutions they needed to make their expansion vision a reality.