# Capital

## Banking & Capital Relationships

A competitive financing process on every deal, with regional and national lenders, and an LP base that invests alongside the GPs.

## Lending relationships

We run a competitive financing process on every deal, with regional and national lenders. Executions include CMBS and balance-sheet loans.

### JPMorgan Chase & Citi

Lending and custody relationships across the partners' real estate and investment activities.

### Flagstar Bank

Acquisition financing for 5 Shaw's Cove (New London, CT) at SOFR + 200 bps.

### SouthState Bank

Senior debt on the Jenkins and Browns Mills clinics, non-recourse debt on Uvalde, and a $5.5M construction loan at Fleming Island.

Banking background: Jeff Meshel served 15 years on the board of Signature Bank and co-founded Cova Capital, a registered broker-dealer.

## Equity & investor base

Capital is raised quickly: most LPs invest in every deal, and the GPs invest alongside them. LPs include family offices, ultra-high-net-worth individuals and institutions. Most deals pay monthly distributions, with quarterly written reporting, and the GPs stay in direct contact with LPs throughout.

- **Repeat LPs** Most LPs invest in every deal
- **GP co-invest** Principals invest in every deal
- **LP Portal** Custom-built: updates, distributions, K-1s
- **Monthly** Distributions on most deals; quarterly reporting

## Representative Tenants

A selection of representative tenants across Candor's portfolio and the partners' holdings.

### DaVita, Inc.

NYSE: DVA · S&P BB
U.S. dialysis provider; four clinics.

### Fresenius Medical Care

NYSE: FMS · S&P BBB-
Global dialysis provider. Chicago and Uvalde, TX.

### CommonSpirit Health

Harvard Medical Park
Operates Mercy Medical Center; 20,000+ SF.

### Florida Cancer Specialists

Fleming Island Village
Oncology and hematology practice. About 8,000 SF.

### The Learning Experience

Fleming Island Village
10,000 SF building under construction.

### Lawrence + Memorial Hospital

Yale New Haven Health
Hospital across from 5 Shaw's Cove.

### NYU Langone Health

Riverhead, NY
Largest tenant at Riverhead; 26,000 SF MRI center.

### Northwell Health

Riverhead, NY
New York's largest health system.

### Stony Brook Medicine

Riverhead, NY
Stony Brook University's health system.

### UPMC

Partners' portfolio
Pittsburgh-based academic health system.

### Quest Diagnostics

NYSE: DGX
National diagnostic testing provider.

### HCA Healthcare

NYSE: HCA
Largest U.S. for-profit hospital operator.

### NY State OPWDD

State agency
Office for People With Developmental Disabilities.

Canonical: https://candor.rubentouitou.com/capital/