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 and a separate $53 million refinancing with an incumbent lender secured by an on-campus 498,000 square foot office building in Jacksonville, FL.
The Cerberus loan features diverse tenants across various medical specialties located near hospitals and other healthcare facilities. The incumbent refinance is anchored by major health system tenants.
ShareMD is focused on institutional quality MOBs (Medical Office Buildings) as part of their fully integrated real estate company model.
“We greatly valued the creativity, dedication and professionalism from the team at Lotus throughout this process,” said John Bardis CEO of ShareMD “Their expertise in executing complex capital structures was invaluable.”
The post Secure $120M Financing for Lotus Medical Office Portfolio appeared first on CRE MarketBeat.
