Lotus Capital Partners has successfully 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, as well as a $53 million refinancing with an incumbent lender secured by an 498,000 square foot office building in Jacksonville, FL.
The Cerberus loan features multiple tenants across various medical specialties located near hospitals and other healthcare facilities. The incumbent refinance is backed by an on-campus medical office building anchored by major health system tenants.
ShareMD is fully integrated real estate company dedicated to institutional quality MOBs (Medical Office Buildings).
“We greatly valued the creativity and professionalism of the team at Lotus throughout this complex process,” said John Bardis – CEO of ShareMD – “they are among the best in their field when it comes to executing capital structures.”
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