MDH Partners Secures $111.5 Million Financing from Truist for Industrial Portfolio Expansion

MDH Partners has closed $111.5 million in financing from Truist through what the company calls The Canyon Loan, supporting nearly 800,000 square feet of recent industrial acquisitions across Georgia, Nevada, and California. The five-year, non-recourse financing package represents the fifth portfolio closing between MDH Partners and Truist over the past five years, highlighting the strength of their banking relationship.

Matthew Ludwig, Director of Debt Capital Markets at MDH who joined the firm in June 2025, secured the financing while Mark Hancock of Truist originated the loan. Ludwig noted that despite capital market volatility, the firm's disciplined underwriting and high-performing assets enabled them to secure competitive financing from their long-standing partner. The Canyon Loan specifically strengthens the buying power of Fund III as MDH continues pursuing high-quality assets in top-tier industrial markets.

The financing supports MDH's acquisitions of four 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 at 4601 E Cheyenne Ave and 3101 N Marion Drive, acquired in February 2025; and Ontario Commerce Park in Ontario, California, a fully leased, four-building 133,400-square-foot industrial park at 720 – 780 S. Miliken Ave, which closed in September 2025.

Truist's Hancock emphasized the significance of the geographic and tenant diversification within the Canyon Portfolio, along with MDH's proven management capabilities, making the loan an ideal fit within Truist's client and commercial real estate strategy. The transaction demonstrates how established relationships between financial institutions and real estate investment firms can facilitate continued market expansion even during periods of economic uncertainty.

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 aggressive expansion in the industrial real estate sector. MDH continues to actively pursue industrial investment opportunities across all risk profiles while currently owning or managing approximately 35 million square feet across 33 markets in 18 states.

The financing arrangement signals confidence in the industrial real estate market's resilience and growth potential, particularly in strategic locations like Texas and California where MDH has multiple new acquisitions planned for financing in the coming weeks. For more information about MDH Partners, visit https://www.mdhpartners.com.