Lotus Closes $120M Medical Office Portfolio Financing

floating-money-background_GJK6rnPd_GS 760x320

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, Florida.

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: Connect CRE

July 19, 2023/by admin

Recent Posts

South Florida Hospital Shows Off New $326M Facility In Plant CityApril 24, 2024 - 4:17 pm
More than 800 hospital employees and 250 physicians will work at the new 424,000-square-foot facility. The facility includes an 85,000-square-foot medical arts building.
Record-Breaking $93M Raised By Sarasota Memorial Healthcare FoundationApril 22, 2024 - 6:13 pm
A recent $16M donation will be used to build an expanded breast health center as part of Sarasota Memorial’s Jellison Cancer Institute.
Florida Hospitals: Building BoomApril 17, 2024 - 5:08 pm
The easing of Florida’s certificate of need requirements has triggered a surge in health care construction.
Assisted Living Facility For 300 Seniors Planned In WestonApril 15, 2024 - 6:39 pm
The site plan includes 245 senior housing units totaling 303 beds and 325,808 square feet.
Ready to Move-in Offices: Unveiling Florida Medical Space’s Premium OfferingApril 15, 2024 - 10:46 am
A highly focused and specialized team of marketing, leasing, and investment professionals at your service to represent your medical real estate needs so you can focus on what matters most. At Florida Medical Space, we understand that medical professionals have enough on their plates without worrying about office logistics. That’s why we’re thrilled to introduce […]
A 7-Story UHealth Medical Center Among Apartments. What Can Patients Expect?April 10, 2024 - 3:47 pm
The center is expected to open in June 2025 and will be open daily. You don’t have to live at SoLé Mia to get care.
BayCare Reveals Plans For New Hospital In Manatee CountyApril 8, 2024 - 11:48 am
Construction is expected to begin in October.
New Medical Office Building Approved For Miami’s Health DistrictApril 3, 2024 - 9:28 am
Medical tenants are losing space as the University of Miami Health System and Jackson Health System grow inside their current structures. These tenants now require additional medical office space.
Baptist Health Sells Boynton Beach Medical Office Campus For $38MApril 1, 2024 - 9:05 am
Foundry Commercial and Wheelock Street Capital acquired 31-acre site.
Health First Breaks Ground On Cape Canaveral Hospital And MOB In Merritt IslandMarch 27, 2024 - 4:23 pm
Both projects are expected to open in early 2027.
Tampa’s WestShore Plaza Mall Could Be Demolished For New Development Including Medical OfficesMarch 26, 2024 - 9:00 pm
The new plan does not increase the density of the project, but it allows WPG to build across the entire 53-acre site and demolish the existing mall. It also adds the option for a medical district with nursing facilities, a hospital and more.
Aventura MOB Under Construction Hit With Foreclosure SuitMarch 20, 2024 - 2:46 pm
An affiliate of Rok Lending filed suit against Gomez Development Group alleging that the Miami-based developer has defaulted on a $15M loan for the property at 21291 NE 28th Ave.
Broward Health Buys Coral Springs Office BuildingMarch 18, 2024 - 5:50 pm
Broward Health spokesperson Nina Levine said it would use the building for medical office space. Broward Health already has its pediatric diabetes center in the building, and there are third-party medical tenants there as well.
HCA Florida Palms West Hospital To Build $80M Patient Tower In LoxahatcheeMarch 14, 2024 - 7:22 pm
The project is expected to break ground this fall and be completed in 2027.
Ken Griffin Donates $50M To Complete UM Cancer In Downtown MiamiMarch 11, 2024 - 9:53 pm
The 12-story building, which is scheduled to be completed in 2025, will double the school’s cancer research department.
Broward Health Wants Parkland Land That Was Purchased By The Broward School District For A New SchoolMarch 7, 2024 - 6:52 pm
The proposal has some interest from some School Board members, who are looking for ways to help the district overcome a looming budget crisis.
Julia Koch Gives $75 Million For New West Palm Beach Medical CenterMarch 6, 2024 - 6:53 pm
The New Yorker’s donation will expand outpatient medical care services in one of Florida’s fastest growing wealthy enclaves.
Acadia Healthcare Pays More Than $9 Million For Property In St. Johns CountyFebruary 14, 2024 - 2:07 pm
The undeveloped properties are southeast of County Road 210, east of Interstate 95 and west of the Bridgewater community. It is less than a half-mile from Ascension St. Vincent’s St. Johns County.