Strategic Data Center Fund Manager LLC, the data center real estate division of alternative investment sponsor Strategic Capital Fund Management, announced that Sunflower Bank N.A. has expanded its recently formed syndicated credit facility to include First Foundation Bank.
First Foundation (Nasdaq: FFWM), a financial institution with approximately $7 billion in bank assets, provides private wealth management, personal banking, and business banking.
As previously reported by The DI Wire, the syndicated credit facility with Sunflower Bank provides a line of credit of up to $200 million.
“Fresh off the heels of our recent acquisition of a Northern Virginia tier III data center, the confidence and commitment that First Foundation Bank has made to our company speaks volumes,” said Bryan Marsh, chief executive officer of Strategic Data Center. “This additional commitment to the credit facility helps provide us with greater flexibility as we seek to capitalize on the growing number of data center opportunities in our pipeline.”
Strategic Data Center is an investment manager and capital partner focused on acquiring, developing and managing data center real estate assets that help support the digital economy, the cloud and mobile computing.