Lotus Closes $120M Medical Office Portfolio Financing

money_canstockphoto3633537

Lotus Capital Partners has arranged, structured, and closed a $120 million financing package on behalf of ShareMD for an eight-property medical office portfolio.

Lotus secured a $66 million 5-year refinancing with Cerberus Capital Management collateralized by a seven-property portfolio totaling 268,000 square feet, and a $53 million refinancing with an incumbent lender secured by a 498,000 square office building in Jacksonville, FL.

The Cerberus loan features a diverse tenant mix across various medical specialties in offices strategically located near hospitals and medical facilities. The incumbent refinance is secured by an on-campus medical office building anchored by major health system tenants.

ShareMD is a fully integrated real estate company focused on institutional quality MOBs.

“The team at Lotus is among the best in the business at executing complex capital structures and we greatly valued the firm’s creativity, dedication, and professionalism throughout this process,” said John Bardis, CEO of ShareMD.

Source: ConnectCRE

August 21, 2023/by ADMIN

Recent Posts

Miami’s Largest Hospital Could Ink $1 Billion Deal With Related GroupDecember 20, 2024 - 1:37 pm
The deal would generate $1.05 billion in rent over 99 years. RUDG would have two years to secure financing for the first phase, aiming to complete it by February 2030.
Nemours Children’s Health Reveals $300M Expansion For Lake Nona Hospital CampusDecember 17, 2024 - 5:00 pm
The Jacksonville-based health system plans to construct three new buildings as part of this expansion, which will be completed over the next four years.
Zoning May Allow Hospitals To Open In More Miami NeighborhoodsDecember 11, 2024 - 6:23 pm
The proposed ordinance will require a final vote from the county commission before it can be implemented.
Southeast Orthopedic Specialists To Open Clinic In St. AugustineDecember 9, 2024 - 7:21 pm
It is the first phase of its new 37,000-square-foot building that will expand orthopedic and spine services.
UHealth Boca Raton Opens New 17,000-SF Home At 1489 West Palmetto CentralDecember 4, 2024 - 4:55 pm
With this larger space, UHealth physicians are providing enhanced care to patients in the specialties of cardiology, ENT, neurology, urology, pain management, rheumatology, family medicine and the newly added services of dermatology and concierge medicine, among others.
Johns Hopkins All Children’s Hospital Plans $62 Million Expansion In St. PetersburgDecember 2, 2024 - 6:01 pm
The addition is expected to be completed in the summer of 2026.
CareMax Finds Potential $100 Million Buyer For Medical ClinicsNovember 27, 2024 - 11:06 am
On November 19, the bankruptcy court approved $122 million in debtor-in-possession financing for CareMax, which includes $30.5 million in new funding and the conversion of $91.5 million in prepetition loans into super-priority DIP loans.
Miami Jewish Health Plans Major Campus ExpansionNovember 25, 2024 - 2:58 pm
FiftyTwoNorth will operate as a life plan community, where residents pay an upfront fee for living and healthcare costs, plus a monthly maintenance fee. This model offers financial predictability for seniors.
Acadia Healthcare To Build-Out $47.95 Million Hospital In St. AugustineNovember 21, 2024 - 10:57 am
The 144-bed facility is planned on 6 acres at 132 Moonbay Parkway near County Road 210 and Interstate 95.
Florida Medical Office Building Sells For $36.79MNovember 19, 2024 - 2:54 pm
The facility’s largest tenant is a Baptist Health South Florida outpatient surgery center.
Onicx Group Acquires Tampa-Area MOBNovember 14, 2024 - 10:51 am
This firm purchased the property through a real estate fund launched in August.
Bartow Regional Medical Center Groundbreaking Signals Beginning Of ExpansionNovember 12, 2024 - 8:12 pm
Construction is scheduled to begin next week and is expected to take a few years.
AW Property Scoops Up Pair Of Jupiter MOBsNovember 10, 2024 - 6:14 pm
Healthcare Realty Trust unloaded both assets.
Deerfield Beach Lands $41M Emergency Services CenterNovember 4, 2024 - 9:41 am
The new 25,000-square foot facility is hoped to reduce wait times and improve health outcomes by delivering immediate emergency services.
Site Work Underway For Lee Health’s New $434M Hospital In Fort MyersOctober 30, 2024 - 9:55 am
A key component is a musculoskeletal institute connected to the hospital on Challenger Boulevard that could become a destination center attracting patients from outside the region.
Legacy Arranges Sale Of Medical Retail Center In Winter HavenOctober 28, 2024 - 1:43 pm
The 36,637-square-foot property sold for $10.3 million.
NIcklaus Children’s Hospital Opens Griffin Surgical Tower In MiamiOctober 24, 2024 - 7:35 pm
The state-of-the-art facility spans 131,000 square feet.
Baptist Medical Center Applies For Permit To Build MOB In Seven PinesOctober 16, 2024 - 1:22 pm
The city issued a site-clearing permit Oct. 2 for the 10.52-acre property at southeast Butler and I-295.