MDH Partners Secures $111.5 Million Financing from Truist for Industrial Portfolio Expansion
MDH Partners has obtained $111.5 million in financing from Truist to support nearly 800,000 square feet of industrial acquisitions across Georgia, Nevada, and California, strengthening the firm's buying power for continued expansion in key markets.
MDH Partners has closed $111.5 million in financing from Truist, marking the fifth portfolio transaction between the two firms over the past five years. The Canyon Loan supports nearly 800,000 square feet of MDH's recent industrial acquisitions across Georgia, Nevada, and California, providing crucial capital for the firm's ongoing expansion strategy.
Matthew Ludwig, Director of Debt Capital Markets at MDH who joined the firm in June 2025, secured the competitive financing despite market volatility. "Acknowledging the volatility within the capital markets, our disciplined underwriting, coupled with the high-performance of these assets, allowed us to secure competitive financing from our long-standing partner, Truist Bank," Ludwig stated. The financing strengthens the buying power of MDH's Fund III as the firm continues pursuing high-quality assets in top-tier industrial markets.
The five-year, non-recourse Canyon Loan specifically supports MDH's acquisitions of three key industrial properties: 3970 Johns Creek in Suwanee, Georgia, a 130,783-square-foot industrial property purchased in June 2025; Sunrise Buildings One and Two in Las Vegas, totaling 509,216 square feet and acquired in February 2025; and Ontario Commerce Park in Ontario, California, a fully leased, four-building 133,400-square-foot industrial park that closed in September 2025.
Mark Hancock of Truist, who originated the loan, emphasized the strength of the relationship between the two firms. "The Canyon Portfolio marks Truist's fifth portfolio closing with MDH over the past five years and we greatly appreciate the full relationship we have formed with industry-leading MDH Partners," Hancock said. "The geographic and tenant diversification within the Canyon Portfolio, along with MDH's proven management, allows this loan to cleanly fit within our Client and CRE strategy."
MDH is currently investing its Fund III, a $1.2 billion discretionary fund, and has closed more than $1.3 billion in assets since the beginning of 2024. The firm has another $175 million of properties under control or recently closed that have yet to be financed, indicating continued momentum in its acquisition strategy. MDH continues to actively pursue industrial investment opportunities across all risk profiles while maintaining approximately 35 million square feet across 33 markets in 18 states. For more information about the company's activities, visit https://www.mdhpartners.com.